5, MILL ROAD, REEDHAM, NORWICH, NR13 3TL - £395,000

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

5 MILL ROAD is a midsized extended detached house of 121m², built sometime before 1900. It was last sold for £395,000 in October 2019, which was around 16% above the average October 2019 detached price in the Broadland local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was C.

5 MILL ROAD Sold Prices

Land registry data shows three sales for 5 MILL ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 5 MILL ROAD 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
2019 31 OCT	£395,000	£339,701	16% above HPI
2000 24 MAR	£155,000	£102,807	51% above HPI
1998 5 OCT	£119,500	£87,138	37% above HPI

5 MILL 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 three 5 MILL ROAD sales between October 1998 and October 2019 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 March 2000 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the October 2019 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 5 MILL ROAD?

5 MILL ROAD is 121m², which includes three extensions, according to the EPC inspection conducted in May 2019. This puts it in the smallest 50% of detached houses in Reedham, based on EPC data. The below chart shows the distribution of detached houses by size in Reedham, and where 5 MILL ROAD lies on this distribution: 49% of detached houses are smaller than 5 MILL ROAD, and 51% of houses are larger. Note that EPC data is not available for all properties in Reedham.

5 MILL ROAD: Plot and Title Map

5 MILL ROAD sits on a plot of roughly 0.189 of an acre, or 767m². The below map shows the location of 5 MILL 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 5 MILL 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 5 MILL ROAD?

5 MILL ROAD is located in REEDHAM, in the NR13 postcode district. The below map shows the position of No. 5 on MILL ROAD.