57, OLIVE AVENUE, NEWTON FLOTMAN, NORWICH, NR15 1PF - £230,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

57 OLIVE AVENUE is a very small semi-detached house of 64m², built sometime between 1983 and 1990, which could now be worth an estimated £241,910. It was last sold for £230,000 in June 2023, which was around 15% below the average June 2023 semi-detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

57 OLIVE AVENUE Sold Prices

Land registry data shows four sales for 57 OLIVE AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the South Norfolk local authority area for the corresponding sale date. All of the four 57 OLIVE AVENUE 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
2023 22 JUN	£230,000	£269,385	15% below HPI
2022 6 DEC	£195,000	£275,437	29% below HPI
2022 4 OCT	£165,000	£278,249	41% below HPI
1998 6 NOV	£41,000	£55,142	26% below HPI

57 OLIVE AVENUE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Norfolk local authority area over time, sourced from the HPI. The four 57 OLIVE AVENUE sales between November 1998 and June 2023 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 2022 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 57 OLIVE AVENUE be worth now?

57 OLIVE AVENUE might now be worth an estimated £241,910.

This is based on house price inflation of 5.2%, between June 2023 and February 2025, for semi-detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.2% inflationary increase is applied to the most recent sale price for 57 OLIVE AVENUE of £230,000 on 22nd June 2023. For the value to have increased from £230,000 to £241,910 over the two years and four months to February 2025, the following assumptions must hold true:

• The value of 57 OLIVE AVENUE has moved in line with the HPI for semi-detached houses in the South Norfolk local authority area.
• The June 2023 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 57 OLIVE AVENUE has not materially changed since June 2023.

How Large is 57 OLIVE AVENUE?

57 OLIVE AVENUE is 64m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% of semi-detached houses houses in Newton Flotman, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Newton Flotman, and where 57 OLIVE AVENUE lies on this distribution: 3% of semi-detached houses houses are smaller than 57 OLIVE AVENUE, and 97% of houses are larger. Note that EPC data is not available for all properties in Newton Flotman.

57 OLIVE AVENUE: Plot and Title Map

57 OLIVE AVENUE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 57 OLIVE AVENUE, 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 57 OLIVE AVENUE). 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 57 OLIVE AVENUE?

57 OLIVE AVENUE is located in NEWTON FLOTMAN, in the NR15 postcode district. The below map shows the position of No. 57 on OLIVE AVENUE.