40, FIRS ROAD, HETHERSETT, NORWICH, NR9 3EH - £380,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

40 FIRS ROAD is a large detached house of 132m², built sometime between 1983 and 1990, which could now be worth an estimated £499,263. It was last sold for £380,000 in February 2018, which was around 13% above the average February 2018 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was C.

40 FIRS ROAD Sold Prices

Land registry data shows two sales for 40 FIRS 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 South Norfolk local authority area for the corresponding sale date. One of the two 40 FIRS ROAD sales was for above the average price, whilst the other was 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
2018 5 FEB	£380,000	£334,966	13% above HPI
2016 24 NOV	£304,000	£323,629	6% below HPI

40 FIRS ROAD 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 40 FIRS ROAD sales from November 2016 and February 2018 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 November 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2018 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 40 FIRS ROAD be worth now?

40 FIRS ROAD might now be worth an estimated £499,263.

This is based on house price inflation of 31.4%, between February 2018 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.4% inflationary increase is applied to the most recent sale price for 40 FIRS ROAD of £380,000 on 5th February 2018. For the value to have increased from £380,000 to £499,263 over the seven years to February 2025, the following assumptions must hold true:

• The value of 40 FIRS ROAD has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The February 2018 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 40 FIRS ROAD has not materially changed since February 2018.

How Large is 40 FIRS ROAD?

40 FIRS ROAD is 132m² according to the EPC inspection conducted in August 2016. This puts it in the largest 30% of detached houses houses in Hethersett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hethersett, and where 40 FIRS ROAD lies on this distribution: 72% of detached houses houses are smaller than 40 FIRS ROAD, and 26% of houses are larger. Note that EPC data is not available for all properties in Hethersett.

40 FIRS ROAD: Plot and Title Map

40 FIRS ROAD sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 40 FIRS 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 40 FIRS 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 40 FIRS ROAD?

40 FIRS ROAD is located in HETHERSETT, in the NR9 postcode district. The below map shows the position of No. 40 on FIRS ROAD.