CAROUSEL, SANDPIT LANE, THORPE MARKET, NORWICH, NR11 8TJ - £285,000

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

CAROUSEL is a small detached house of 96m², built sometime between 1976 and 1982, which could now be worth an estimated £285,404. It was last sold for £285,000 in February 2022, which was around 34% below the average February 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2021, where the current energy rating was G, and the potential energy rating was D.

CAROUSEL Sold Prices

Land registry data shows three sales for CAROUSEL 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 CAROUSEL 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
2022 25 FEB	£285,000	£430,207	34% below HPI
2006 30 OCT	£160,000	£235,375	32% below HPI
2002 7 OCT	£121,950	£161,214	24% below HPI

CAROUSEL 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 CAROUSEL sales between October 2002 and February 2022 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 October 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2022 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might CAROUSEL be worth now?

CAROUSEL might now be worth an estimated £285,404.

This is based on house price inflation of 0.1%, between February 2022 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 0.1% inflationary increase is applied to the most recent sale price for CAROUSEL of £285,000 on 25th February 2022. For the value to have increased from £285,000 to £285,404 over the three years to February 2025, the following assumptions must hold true:

• The value of CAROUSEL has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2022 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of CAROUSEL has not materially changed since February 2022.

How Large is CAROUSEL?

CAROUSEL is 96m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 40% of detached houses houses in Thorpe Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thorpe Market, and where CAROUSEL lies on this distribution: 31% of detached houses houses are smaller than CAROUSEL, and 69% of houses are larger. Note that EPC data is not available for all properties in Thorpe Market.

CAROUSEL: Plot and Title Map

CAROUSEL sits on a plot of roughly 0.138 of an acre, or 558m². The below map shows the location of CAROUSEL, 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 CAROUSEL). 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 CAROUSEL?

CAROUSEL is located on SANDPIT LANE in THORPE MARKET, in the NR11 postcode district. The below map shows the position of CAROUSEL on SANDPIT LANE.