55, THE RUNNEL, NORWICH, NR5 9HG - £142,000

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

55 THE RUNNEL is a small extended detached house of 88m², built sometime between 1991 and 1995. It was last sold for £142,000 in December 2002, which was around 27% below the average December 2002 detached price in the Norwich local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

55 THE RUNNEL Sold Prices

Land registry data shows two sales for 55 THE RUNNEL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two 55 THE RUNNEL 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
2002 2 DEC	£142,000	£195,428	27% below HPI
2000 29 JUN	£86,950	£123,244	29% below HPI

55 THE RUNNEL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 55 THE RUNNEL sales from June 2000 and December 2002 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 June 2000 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2002 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 55 THE RUNNEL?

55 THE RUNNEL is 88m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 30% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 55 THE RUNNEL lies on this distribution: 27% of detached houses are smaller than 55 THE RUNNEL, and 72% of houses are larger. Note that EPC data is not available for all properties in Norwich.

55 THE RUNNEL: Plot and Title Map

55 THE RUNNEL sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 55 THE RUNNEL, 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 55 THE RUNNEL). 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 55 THE RUNNEL?

55 THE RUNNEL is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 55 on THE RUNNEL.