7, THE RISE, SHERINGHAM, NR26 8QA - £315,000

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.

7 THE RISE is a midsized extended detached house of 120m², built sometime between 1930 and 1949, which could now be worth an estimated £554,276. It was last sold for £315,000 in August 2011, which was around 29% above the average August 2011 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

7 THE RISE Sold Prices

Land registry data shows two sales for 7 THE RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. One of the two 7 THE RISE sales was for above the average price, whilst the other was 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
2011 30 AUG	£315,000	£244,837	29% above HPI
2002 1 FEB	£132,500	£138,547	4% below HPI

7 THE RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two 7 THE RISE sales from February 2002 and August 2011 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 February 2002 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2011 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 7 THE RISE be worth now?

7 THE RISE might now be worth an estimated £554,276.

This is based on house price inflation of 76%, between August 2011 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 76% inflationary increase is applied to the most recent sale price for 7 THE RISE of £315,000 on 30th August 2011. For the value to have increased from £315,000 to £554,276 over the fourteen years and six months to February 2025, the following assumptions must hold true:

• The value of 7 THE RISE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The August 2011 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE RISE has not materially changed since August 2011.

How Large is 7 THE RISE?

7 THE RISE is 120m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the largest 50% of detached houses houses in Sheringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sheringham, and where 7 THE RISE lies on this distribution: 53% of detached houses houses are smaller than 7 THE RISE, and 47% of houses are larger. Note that EPC data is not available for all properties in Sheringham.

7 THE RISE: Plot and Title Map

7 THE RISE sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 7 THE 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 7 THE 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 7 THE RISE?

7 THE RISE is located in SHERINGHAM, in the NR26 postcode district. The below map shows the position of No. 7 on THE RISE.