8, THE HILLS, REEDHAM, NORWICH, NR13 3TN - £187,500

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

8 THE HILLS is a very small extended detached house of 69m², built sometime before 1900. It was last sold for £187,500 in February 2020, which was around 46% below the average February 2020 detached price in the Broadland local authority area. The most recent EPC inspection was January 2017, where the current energy rating was F, and the potential energy rating was C.

8 THE HILLS Sold Prices

Land registry data shows three sales for 8 THE HILLS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 8 THE HILLS 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
2020 14 FEB	£187,500	£344,069	46% below HPI
1999 27 SEP	£55,000	£92,513	41% below HPI
1998 20 NOV	£27,000	£85,178	68% below HPI

8 THE HILLS 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 three 8 THE HILLS sales between November 1998 and February 2020 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 1999 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2020 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 8 THE HILLS?

8 THE HILLS is 69m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 10% of detached houses in Reedham, based on EPC data. The below chart shows the distribution of detached houses by size in Reedham, and where 8 THE HILLS lies on this distribution: 5% of detached houses are smaller than 8 THE HILLS, and 94% of houses are larger. Note that EPC data is not available for all properties in Reedham.

8 THE HILLS: Plot and Title Map

8 THE HILLS sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 8 THE HILLS, 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 8 THE HILLS). 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 8 THE HILLS?

8 THE HILLS is located in REEDHAM, in the NR13 postcode district. The below map shows the position of No. 8 on THE HILLS.