3, THE COURTYARD, FENGATE, MARSHAM, NORWICH, NR10 5PT - £230,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 THE COURTYARD is a very small detached house of 82m², built sometime from 2012 onwards, which could now be worth an estimated £237,783. It was last sold for £230,000 in March 2022, which was around 44% below the average March 2022 detached price in the Broadland local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

3 THE COURTYARD Sold Prices

Land registry data shows four sales for 3 THE COURTYARD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Most of the four 3 THE COURTYARD sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 4 MAR	£230,000	£409,683	44% below HPI
2006 13 SEP	£390,000	£241,724	61% above HPI
1997 17 NOV	£245,000	£82,110	198% above HPI
1997 26 JUN	£274,000	£76,553	258% above HPI

3 THE COURTYARD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The four 3 THE COURTYARD sales between June 1997 and March 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2006 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the March 2022 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 3 THE COURTYARD be worth now?

3 THE COURTYARD might now be worth an estimated £237,783.

This is based on house price inflation of 3.4%, between March 2022 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.4% inflationary increase is applied to the most recent sale price for 3 THE COURTYARD of £230,000 on 4th March 2022. For the value to have increased from £230,000 to £237,783 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 3 THE COURTYARD has moved in line with the HPI for detached houses in the Broadland local authority area.
• The March 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE COURTYARD has not materially changed since March 2022.

How Large is 3 THE COURTYARD?

3 THE COURTYARD is 82m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of detached houses houses in Marsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marsham, and where 3 THE COURTYARD lies on this distribution: 10% of detached houses houses are smaller than 3 THE COURTYARD, and 90% of houses are larger. Note that EPC data is not available for all properties in Marsham.

3 THE COURTYARD: Plot and Title Map

3 THE COURTYARD sits on a plot of roughly 0.030 of an acre, or 121m². The below map shows the location of 3 THE COURTYARD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 THE COURTYARD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 THE COURTYARD?

3 THE COURTYARD is located on FENGATE in MARSHAM, in the NR10 postcode district. The below map shows the position of 3 THE COURTYARD on FENGATE.