BROOM HOUSE, BROOMHILL LANE, REEPHAM, NORWICH, NR10 4QY - £490,000

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

BROOM HOUSE is a large detached house of 123m², built sometime between 1976 and 1982. It was last sold for £490,000 in June 2021, which was around 36% above the average June 2021 detached price in the Broadland local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was C.

BROOM HOUSE Sold Prices

Land registry data shows three sales for BROOM 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 Broadland local authority area for the corresponding sale date. Two of the three BROOM HOUSE sales were for above the average price, whilst one was 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 18 JUN	£490,000	£361,326	36% above HPI
2018 25 JUL	£380,000	£330,862	15% above HPI
2016 11 FEB	£295,000	£302,743	3% below HPI

BROOM HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three BROOM HOUSE sales between February 2016 and June 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 July 2018 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the June 2021 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is BROOM HOUSE?

BROOM HOUSE is 123m² according to the EPC inspection conducted in September 2014. This puts it in the largest 40% of detached houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses by size in Reepham, and where BROOM HOUSE lies on this distribution: 60% of detached houses are smaller than BROOM HOUSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Reepham.

BROOM HOUSE: Plot and Title Map

BROOM HOUSE sits on a plot of roughly 0.208 of an acre, or 843m². The below map shows the location of BROOM 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 BROOM 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 BROOM HOUSE?

BROOM HOUSE is located on BROOMHILL LANE in REEPHAM, in the NR10 postcode district. The below map shows the position of BROOM HOUSE on BROOMHILL LANE.