4, THE CEDARS, POPLAR DRIVE, WALCOTT, NORWICH, NR12 0LZ - £375,000

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

4 THE CEDARS is a very large extended detached house of 104m², built sometime between 1950 and 1966. It was last sold for £375,000 in November 2023, which was around 14% below the average November 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

4 THE CEDARS Sold Prices

Land registry data shows four sales for 4 THE CEDARS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four 4 THE CEDARS 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
2023 27 NOV	£375,000	£437,448	14% below HPI
2017 31 MAY	£265,000	£315,797	16% below HPI
2009 14 AUG	£178,200	£223,716	20% below HPI
2001 18 DEC	£85,000	£133,296	36% below HPI

4 THE CEDARS Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The four 4 THE CEDARS sales between December 2001 and November 2023 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 May 2017 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2023 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 4 THE CEDARS?

4 THE CEDARS is 104m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the largest 20% of detached houses in Walcott, based on EPC data. The below chart shows the distribution of detached houses by size in Walcott, and where 4 THE CEDARS lies on this distribution: 81% of detached houses are smaller than 4 THE CEDARS, and 19% of houses are larger. Note that EPC data is not available for all properties in Walcott.

4 THE CEDARS: Plot and Title Map

4 THE CEDARS sits on a plot of roughly 0.164 of an acre, or 665m². The below map shows the location of 4 THE CEDARS, 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 4 THE CEDARS). 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 4 THE CEDARS?

4 THE CEDARS is located on POPLAR DRIVE in WALCOTT, in the NR12 postcode district. The below map shows the position of 4 THE CEDARS on POPLAR DRIVE.