3, THE RIDINGS, PORINGLAND, NORWICH, NR14 7PS - £332,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 THE RIDINGS is a large detached house of 154m², built sometime between 1991 and 1995. It was last sold for £332,000 in May 2014, which was around 31% above the average May 2014 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

3 THE RIDINGS Sold Prices

Land registry data shows two sales for 3 THE RIDINGS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two 3 THE RIDINGS 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
2014 9 MAY	£332,000	£253,768	31% above HPI
2001 16 AUG	£215,000	£136,149	58% above HPI

3 THE RIDINGS Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 3 THE RIDINGS sales from August 2001 and May 2014 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 August 2001 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the May 2014 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 3 THE RIDINGS?

3 THE RIDINGS is 154m² according to the EPC inspection conducted in June 2011. This puts it in the largest 30% of detached houses in Poringland, based on EPC data. The below chart shows the distribution of detached houses by size in Poringland, and where 3 THE RIDINGS lies on this distribution: 72% of detached houses are smaller than 3 THE RIDINGS, and 28% of houses are larger. Note that EPC data is not available for all properties in Poringland.

3 THE RIDINGS: Plot and Title Map

3 THE RIDINGS sits on a plot of roughly 0.175 of an acre, or 708m². The below map shows the location of 3 THE RIDINGS, 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 RIDINGS). 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 RIDINGS?

3 THE RIDINGS is located in PORINGLAND, in the NR14 postcode district. The below map shows the position of No. 3 on THE RIDINGS.