7, CHERRY TREE AVENUE, MARTHAM, GREAT YARMOUTH, NR29 4QP - £205,000

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

7 CHERRY TREE AVENUE is a small detached house of 76m², built sometime between 2003 and 2006. It was last sold for £205,000 in December 2015, which was around 7% below the average December 2015 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

7 CHERRY TREE AVENUE Sold Prices

Land registry data shows two sales for 7 CHERRY TREE AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. Both of the two 7 CHERRY TREE 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 11 DEC	£205,000	£220,158	7% below HPI
2003 11 APR	£132,000	£150,208	12% below HPI

7 CHERRY TREE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The two 7 CHERRY TREE AVENUE sales from April 2003 and December 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 April 2003 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the December 2015 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 7 CHERRY TREE AVENUE?

7 CHERRY TREE AVENUE is 76m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 30% of detached houses in Martham, based on EPC data. The below chart shows the distribution of detached houses by size in Martham, and where 7 CHERRY TREE AVENUE lies on this distribution: 22% of detached houses are smaller than 7 CHERRY TREE AVENUE, and 76% of houses are larger. Note that EPC data is not available for all properties in Martham.

7 CHERRY TREE AVENUE: Plot and Title Map

7 CHERRY TREE AVENUE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 7 CHERRY TREE 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 7 CHERRY TREE 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 7 CHERRY TREE AVENUE?

7 CHERRY TREE AVENUE is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 7 on CHERRY TREE AVENUE.