405, DEREHAM ROAD, NEW COSTESSEY, NORWICH, NR5 0SE - £245,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

405 DEREHAM ROAD is a large extended detached house of 122m², built sometime between 1983 and 1990. It was last sold for £245,000 in October 2014, which was around 11% below the average October 2014 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

405 DEREHAM ROAD Sold Prices

Land registry data shows two sales for 405 DEREHAM 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. Both of the two 405 DEREHAM 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
2014 17 OCT	£245,000	£276,824	11% below HPI
2005 16 DEC	£190,000	£226,999	16% below HPI

405 DEREHAM 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 405 DEREHAM ROAD sales from December 2005 and October 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 December 2005 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2014 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 405 DEREHAM ROAD?

405 DEREHAM ROAD is 122m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the largest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 405 DEREHAM ROAD lies on this distribution: 64% of detached houses are smaller than 405 DEREHAM ROAD, and 35% of houses are larger. Note that EPC data is not available for all properties in Norwich.

405 DEREHAM ROAD: Plot and Title Map

405 DEREHAM ROAD sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 405 DEREHAM 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 405 DEREHAM 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 405 DEREHAM ROAD?

405 DEREHAM ROAD is located in NEW COSTESSEY, in the NR5 postcode district. The below map shows the position of No. 405 on DEREHAM ROAD.