5, PENNY RISE, HALVERGATE, NORWICH, NR13 3QF - £340,000

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

5 PENNY RISE is a very large extended detached house of 201m², built sometime between 1996 and 2002. It was last sold for £340,000 in November 2016, which was around 7% above the average November 2016 detached price in the Broadland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

5 PENNY RISE Sold Prices

Land registry data shows four sales for 5 PENNY RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. two of the four 5 PENNY RISE sales were for above the average price, and four 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
2016 2 NOV	£340,000	£318,914	7% above HPI
2007 16 NOV	£248,500	£254,055	2% below HPI
2006 7 JUL	£219,000	£233,719	6% below HPI
2002 13 MAY	£170,000	£151,340	12% above HPI

5 PENNY RISE 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 four 5 PENNY RISE sales between May 2002 and November 2016 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 2007 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2016 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 5 PENNY RISE?

5 PENNY RISE is 201m², which includes two extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 20% of detached houses in Halvergate, based on EPC data. The below chart shows the distribution of detached houses by size in Halvergate, and where 5 PENNY RISE lies on this distribution: 84% of detached houses are smaller than 5 PENNY RISE, and 16% of houses are larger. Note that EPC data is not available for all properties in Halvergate.

5 PENNY RISE: Plot and Title Map

5 PENNY RISE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 5 PENNY RISE, 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 PENNY RISE). 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 PENNY RISE?

5 PENNY RISE is located in HALVERGATE, in the NR13 postcode district. The below map shows the position of No. 5 on PENNY RISE.