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

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.

8 THE LEA is a very small detached house of 52m², built sometime between 1983 and 1990, which could now be worth an estimated £128,374. 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	£402,715	70% below HPI
2005 15 APR	£85,000	£200,622	58% below HPI
2004 19 MAR	£74,000	£197,028	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 58% below the HPI. So the extrapolation line tracks at 58% 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.

What might 8 THE LEA be worth now?

8 THE LEA might now be worth an estimated £128,374.

This is based on house price inflation of 7%, between November 2021 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 7% inflationary increase is applied to the most recent sale price for 8 THE LEA of £120,000 on 11th November 2021. For the value to have increased from £120,000 to £128,374 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 THE LEA has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2021 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE LEA has not materially changed since November 2021.

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 houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 8 THE LEA lies on this distribution: 1% of detached houses 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.