57, VERA ROAD, RACKHEATH, NORWICH, NR13 6QN - £310,000

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

57 VERA ROAD is a small extended detached house of 89m², built sometime between 1930 and 1949. It was last sold for £310,000 in April 2022, which was around 23% below the average April 2022 detached price in the Broadland local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

57 VERA ROAD Sold Prices

Land registry data shows three sales for 57 VERA 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 57 VERA ROAD 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
2022 1 APR	£310,000	£404,851	23% below HPI
2008 27 JUN	£219,950	£252,389	13% below HPI
2007 19 MAR	£223,500	£246,590	9% below HPI

57 VERA 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 57 VERA ROAD sales between March 2007 and April 2022 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 2008 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 57 VERA ROAD?

57 VERA ROAD is 89m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 30% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where 57 VERA ROAD lies on this distribution: 24% of detached houses are smaller than 57 VERA ROAD, and 75% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

57 VERA ROAD: Plot and Title Map

57 VERA ROAD sits on a plot of roughly 0.244 of an acre, or 987m². The below map shows the location of 57 VERA 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 57 VERA 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 57 VERA ROAD?

57 VERA ROAD is located in RACKHEATH, in the NR13 postcode district. The below map shows the position of No. 57 on VERA ROAD.