BEACON HOUSE, FOLGATE LANE, COSTESSEY, NORWICH, NR8 5DP - £725,000

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.

BEACON HOUSE is a very large extended detached house of 248m², built sometime between 1950 and 1966, which could now be worth an estimated £969,894. It was last sold for £725,000 in July 2017, which was around 120% above the average July 2017 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was C.

BEACON HOUSE Sold Prices

Land registry data shows three sales for BEACON HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the three BEACON 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
2017 12 JUL	£725,000	£328,973	120% above HPI
2004 23 AUG	£585,000	£222,172	163% above HPI
1999 15 JUL	£110,000	£96,040	15% above HPI

BEACON HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three BEACON HOUSE sales between July 1999 and July 2017 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 August 2004 sale was for 163% above the HPI. So the extrapolation line tracks at 163% above the HPI over time, until the July 2017 sale, where it falls to 120% above the HPI. The line then continues to track at 120% above the HPI.

What might BEACON HOUSE be worth now?

BEACON HOUSE might now be worth an estimated £969,894.

This is based on house price inflation of 33.8%, between July 2017 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.8% inflationary increase is applied to the most recent sale price for BEACON HOUSE of £725,000 on 12th July 2017. For the value to have increased from £725,000 to £969,894 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of BEACON HOUSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2017 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of BEACON HOUSE has not materially changed since July 2017.

How Large is BEACON HOUSE?

BEACON HOUSE is 248m², which includes two extensions, according to the EPC inspection conducted in August 2015. This puts it in the largest 10% of detached houses houses in Costessey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Costessey, and where BEACON HOUSE lies on this distribution: 95% of detached houses houses are smaller than BEACON HOUSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Costessey.

BEACON HOUSE: Plot and Title Map

BEACON HOUSE sits on a plot of roughly 2.0 acres, or 8,262m². The below map shows the location of BEACON 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 BEACON 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 BEACON HOUSE?

BEACON HOUSE is located on FOLGATE LANE in COSTESSEY, in the NR8 postcode district. The below map shows the position of BEACON HOUSE on FOLGATE LANE.