BROADS VENTURE, MALTHOUSE LANE, LUDHAM, GREAT YARMOUTH, NR29 5QL - £240,000

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

BROADS VENTURE is a small extended detached house of 99m², built sometime between 1967 and 1975. It was last sold for £240,000 in December 2014, which was around 11% below the average December 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

BROADS VENTURE Sold Prices

Land registry data shows two sales for BROADS VENTURE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two BROADS VENTURE 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
2014 1 DEC	£240,000	£271,156	11% below HPI
2003 21 NOV	£168,000	£186,412	10% below HPI

BROADS VENTURE 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 two BROADS VENTURE sales from November 2003 and December 2014 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 November 2003 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2014 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is BROADS VENTURE?

BROADS VENTURE is 99m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses in Ludham, based on EPC data. The below chart shows the distribution of detached houses by size in Ludham, and where BROADS VENTURE lies on this distribution: 38% of detached houses are smaller than BROADS VENTURE, and 60% of houses are larger. Note that EPC data is not available for all properties in Ludham.

BROADS VENTURE: Plot and Title Map

BROADS VENTURE sits on a plot of roughly 0.126 of an acre, or 509m². The below map shows the location of BROADS VENTURE, 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 BROADS VENTURE). 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 BROADS VENTURE?

BROADS VENTURE is located on MALTHOUSE LANE in LUDHAM, in the NR29 postcode district. The below map shows the position of BROADS VENTURE on MALTHOUSE LANE.