59, OLIVE AVENUE, NEWTON FLOTMAN, NORWICH, NR15 1PF - £130,000

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.

59 OLIVE AVENUE is a very small semi-detached house of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £209,904. It was last sold for £130,000 in February 2015, which was around 26% below the average February 2015 semi-detached price in the South Norfolk local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

59 OLIVE AVENUE Sold Prices

Land registry data shows five sales for 59 OLIVE AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the South Norfolk local authority area for the corresponding sale date. All of the five 59 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
2015 4 FEB	£130,000	£175,478	26% below HPI
2009 14 AUG	£125,500	£144,531	13% below HPI
2004 12 JUL	£122,500	£136,716	10% below HPI
2000 1 SEP	£60,000	£73,353	18% below HPI
1997 20 NOV	£43,500	£51,478	15% below HPI

59 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 five 59 OLIVE AVENUE sales between November 1997 and February 2015 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 August 2009 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2015 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 59 OLIVE AVENUE be worth now?

59 OLIVE AVENUE might now be worth an estimated £209,904.

This is based on house price inflation of 61.5%, between February 2015 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 61.5% inflationary increase is applied to the most recent sale price for 59 OLIVE AVENUE of £130,000 on 4th February 2015. For the value to have increased from £130,000 to £209,904 over the ten years to February 2025, the following assumptions must hold true:

• The value of 59 OLIVE AVENUE has moved in line with the HPI for semi-detached houses in the South Norfolk local authority area.
• The February 2015 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 59 OLIVE AVENUE has not materially changed since February 2015.

How Large is 59 OLIVE AVENUE?

59 OLIVE AVENUE is 65m² according to the EPC inspection conducted in November 2021. 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 59 OLIVE AVENUE lies on this distribution: 4% of semi-detached houses houses are smaller than 59 OLIVE AVENUE, and 96% of houses are larger. Note that EPC data is not available for all properties in Newton Flotman.

59 OLIVE AVENUE: Plot and Title Map

59 OLIVE AVENUE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 59 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 59 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 59 OLIVE AVENUE?

59 OLIVE AVENUE is located in NEWTON FLOTMAN, in the NR15 postcode district. The below map shows the position of No. 59 on OLIVE AVENUE.