7, THE RIDINGS, PORINGLAND, NORWICH, NR14 7PS - £500,000

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 THE RIDINGS is a very large detached house of 267m², built sometime between 1991 and 1995. It was last sold for £500,000 in June 2021, which was around 35% above the average June 2021 detached price in the South Norfolk local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

7 THE RIDINGS Sold Prices

Land registry data shows two sales for 7 THE RIDINGS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two 7 THE RIDINGS sales 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
2021 14 JUN	£500,000	£371,330	35% above HPI
2000 26 SEP	£210,000	£120,136	75% above HPI

7 THE RIDINGS 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 two 7 THE RIDINGS sales from September 2000 and June 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 2000 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the June 2021 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 7 THE RIDINGS?

7 THE RIDINGS is 267m² according to the EPC inspection conducted in October 2015. This puts it in the largest 10% of detached houses in Poringland, based on EPC data. The below chart shows the distribution of detached houses by size in Poringland, and where 7 THE RIDINGS lies on this distribution: 99% of detached houses are smaller than 7 THE RIDINGS, and 1% of houses are larger. Note that EPC data is not available for all properties in Poringland.

7 THE RIDINGS: Plot and Title Map

7 THE RIDINGS sits on a plot of roughly 0.573 of an acre, or 2,321m². The below map shows the location of 7 THE RIDINGS, 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 THE RIDINGS). 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 THE RIDINGS?

7 THE RIDINGS is located in PORINGLAND, in the NR14 postcode district. The below map shows the position of No. 7 on THE RIDINGS.