56, THE PADDOCKS, NORWICH, NR6 7HD - £250,000

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

56 THE PADDOCKS is a midsized extended detached house of 113m², built sometime between 1967 and 1975. It was last sold for £250,000 in August 2017, which was around 25% below the average August 2017 detached price in the Broadland local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

56 THE PADDOCKS Sold Prices

Land registry data shows four sales for 56 THE PADDOCKS 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. All of the four 56 THE PADDOCKS 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
2017 29 AUG	£250,000	£334,267	25% below HPI
2014 9 JAN	£190,000	£248,162	23% below HPI
2003 22 DEC	£129,995	£193,979	33% below HPI
1996 1 MAY	£48,250	£71,305	32% below HPI

56 THE PADDOCKS 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 56 THE PADDOCKS sales between May 1996 and August 2017 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 January 2014 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2017 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 56 THE PADDOCKS?

56 THE PADDOCKS is 113m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the largest 50% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 56 THE PADDOCKS lies on this distribution: 55% of detached houses are smaller than 56 THE PADDOCKS, and 44% of houses are larger. Note that EPC data is not available for all properties in Norwich.

56 THE PADDOCKS: Plot and Title Map

56 THE PADDOCKS sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 56 THE PADDOCKS, 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 56 THE PADDOCKS). 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 56 THE PADDOCKS?

56 THE PADDOCKS is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 56 on THE PADDOCKS.