8, THE LEA, NORTH WALSHAM, NR28 9DN - £120,000

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

8 THE LEA is a very small detached house of 52m², built sometime between 1983 and 1990. It was last sold for £120,000 in November 2021, which was around 70% below the average November 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was D.

8 THE LEA Sold Prices

Land registry data shows three sales for 8 THE LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three 8 THE LEA 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
2021 11 NOV	£120,000	£398,854	70% below HPI
2005 15 APR	£85,000	£198,699	57% below HPI
2004 19 MAR	£74,000	£195,139	62% below HPI

8 THE LEA 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 three 8 THE LEA sales between March 2004 and November 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 April 2005 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the November 2021 sale, where it falls to 70% below the HPI. The line then continues to track at 70% below the HPI.

How Large is 8 THE LEA?

8 THE LEA is 52m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of detached houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses by size in North Walsham, and where 8 THE LEA lies on this distribution: 1% of detached houses are smaller than 8 THE LEA, and 99% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

8 THE LEA: Plot and Title Map

8 THE LEA sits on a plot of roughly 0.421 of an acre, or 1,704m². The below map shows the location of 8 THE LEA, 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 LEA). 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 LEA?

8 THE LEA is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 8 on THE LEA.