3, VERA ROAD, RACKHEATH, NORWICH, NR13 6QP - £332,500

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 VERA ROAD is a large extended detached house of 120m², built sometime between 1950 and 1966. It was last sold for £332,500 in April 2021, which was around 7% below the average April 2021 detached price in the Broadland local authority area. The most recent EPC inspection was December 2017, where the current energy rating was E, and the potential energy rating was B.

3 VERA ROAD Sold Prices

Land registry data shows two sales for 3 VERA ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two 3 VERA ROAD sales were for below 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
2021 23 APR	£332,500	£357,853	7% below HPI
2018 18 JUL	£250,000	£330,862	24% below HPI

3 VERA ROAD 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 two 3 VERA ROAD sales from July 2018 and April 2021 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 July 2018 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 3 VERA ROAD?

3 VERA ROAD is 120m², which includes two extensions, according to the EPC inspection conducted in December 2017. This puts it in the largest 40% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where 3 VERA ROAD lies on this distribution: 60% of detached houses are smaller than 3 VERA ROAD, and 38% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

3 VERA ROAD: Plot and Title Map

3 VERA ROAD sits on a plot of roughly 0.210 of an acre, or 851m². The below map shows the location of 3 VERA ROAD, 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 VERA ROAD). 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 VERA ROAD?

3 VERA ROAD is located in RACKHEATH, in the NR13 postcode district. The below map shows the position of No. 3 on VERA ROAD.