62, RICHMOND RISE, REEPHAM, NORWICH, NR10 4LS - £240,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

62 RICHMOND RISE is a very small detached house of 65m², built sometime between 1967 and 1975. It was last sold for £240,000 in November 2021, which was around 38% below the average November 2021 detached price in the Broadland local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was B.

62 RICHMOND RISE Sold Prices

Land registry data shows five sales for 62 RICHMOND RISE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the five 62 RICHMOND RISE 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
2021 26 NOV	£240,000	£386,708	38% below HPI
2016 9 SEP	£167,000	£315,334	47% below HPI
2000 21 SEP	£70,000	£117,994	41% below HPI
1999 24 AUG	£56,000	£91,326	39% below HPI
1995 7 APR	£43,000	£70,047	39% below HPI

62 RICHMOND RISE 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 five 62 RICHMOND RISE sales between April 1995 and November 2021 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 September 2016 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the November 2021 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 62 RICHMOND RISE?

62 RICHMOND RISE is 65m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of detached houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses by size in Reepham, and where 62 RICHMOND RISE lies on this distribution: 10% of detached houses are smaller than 62 RICHMOND RISE, and 90% of houses are larger. Note that EPC data is not available for all properties in Reepham.

62 RICHMOND RISE: Plot and Title Map

62 RICHMOND RISE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 62 RICHMOND RISE, 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 62 RICHMOND RISE). 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 62 RICHMOND RISE?

62 RICHMOND RISE is located in REEPHAM, in the NR10 postcode district. The below map shows the position of No. 62 on RICHMOND RISE.