7, NEWGATE, KIRBY CANE, BUNGAY, NR35 2PP - £325,000

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

7 NEWGATE is a very large extended detached house of 184m², built sometime between 1967 and 1975. It was last sold for £325,000 in June 2019, which was around 3% below the average June 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

7 NEWGATE Sold Prices

Land registry data shows three sales for 7 NEWGATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. One of the three 7 NEWGATE sales was for below the average price, whilst two were for above 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
2019 7 JUN	£325,000	£336,517	3% below HPI
2001 22 MAR	£145,500	£127,317	14% above HPI
1998 6 MAR	£98,000	£82,074	19% above HPI

7 NEWGATE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three 7 NEWGATE sales between March 1998 and June 2019 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 March 2001 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the June 2019 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 7 NEWGATE?

7 NEWGATE is 184m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 10% of detached houses in Kirby Cane, based on EPC data. The below chart shows the distribution of detached houses by size in Kirby Cane, and where 7 NEWGATE lies on this distribution: 93% of detached houses are smaller than 7 NEWGATE, and 7% of houses are larger. Note that EPC data is not available for all properties in Kirby Cane.

7 NEWGATE: Plot and Title Map

7 NEWGATE sits on a plot of roughly 0.329 of an acre, or 1,332m². The below map shows the location of 7 NEWGATE, 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 NEWGATE). 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 NEWGATE?

7 NEWGATE is located in KIRBY CANE, in the NR35 postcode district. The below map shows the position of No. 7 on NEWGATE.