BAY HOUSE, MARKET PLACE, KENNINGHALL, NORWICH, NR16 2AH - £650,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

BAY HOUSE is a very large detached house of 290m², built in 2022, which could now be worth an estimated £674,364. It was last sold for £650,000 in May 2024, which was around 83% above the average May 2024 detached price in the Breckland local authority area. The most recent EPC inspection was January 2023, where the current energy rating was E, and the potential energy rating was D.

BAY HOUSE Sold Prices

Land registry data shows two sales for BAY HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two BAY HOUSE 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
2024 17 MAY	£650,000	£354,610	83% above HPI
2004 14 JUN	£400,000	£193,180	107% above HPI

BAY HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two BAY HOUSE sales from June 2004 and May 2024 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 June 2004 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the May 2024 sale, where it falls to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might BAY HOUSE be worth now?

BAY HOUSE might now be worth an estimated £674,364.

This is based on house price inflation of 3.7%, between May 2024 and December 2024, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.7% inflationary increase is applied to the most recent sale price for BAY HOUSE of £650,000 on 17th May 2024. For the value to have increased from £650,000 to £674,364 over the five months to December 2024, the following assumptions must hold true:

• The value of BAY HOUSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The May 2024 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of BAY HOUSE has not materially changed since May 2024.

How Large is BAY HOUSE?

BAY HOUSE is 290m² according to the EPC inspection conducted in January 2023. This puts it in the largest 10% of detached houses houses in Kenninghall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kenninghall, and where BAY HOUSE lies on this distribution: 97% of detached houses houses are smaller than BAY HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Kenninghall.

BAY HOUSE: Plot and Title Map

BAY HOUSE sits on a plot of roughly 0.546 of an acre, or 2,208m². The below map shows the location of BAY HOUSE, 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 BAY HOUSE). 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 BAY HOUSE?

BAY HOUSE is located on MARKET PLACE in KENNINGHALL, in the NR16 postcode district. The below map shows the position of BAY HOUSE on MARKET PLACE.