CHERRY TREES, PINFOLD LANE, HINDOLVESTON, DEREHAM, NR20 5BX - £420,000

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

CHERRY TREES is a midsized extended detached house of 129m², built sometime between 1976 and 1982. It was last sold for £420,000 in July 2014, which was around 58% above the average July 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was E, and the potential energy rating was B.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES 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 CHERRY TREES 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
2014 3 JUL	£420,000	£266,120	58% above HPI
1997 1 OCT	£155,000	£77,999	99% above HPI

CHERRY TREES 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 CHERRY TREES sales from October 1997 and July 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 October 1997 sale was for 99% above the HPI. So the extrapolation line tracks at 99% above the HPI over time, until the July 2014 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is CHERRY TREES?

CHERRY TREES is 129m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 50% of detached houses in Hindolveston, based on EPC data. The below chart shows the distribution of detached houses by size in Hindolveston, and where CHERRY TREES lies on this distribution: 44% of detached houses are smaller than CHERRY TREES, and 53% of houses are larger. Note that EPC data is not available for all properties in Hindolveston.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 1.5 acres, or 6,052m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on PINFOLD LANE in HINDOLVESTON, in the NR20 postcode district. The below map shows the position of CHERRY TREES on PINFOLD LANE.