EAST RIDGE, EXCHANGE ROAD, NEWTON FLOTMAN, NORWICH, NR15 1PS - £250,000

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.

EAST RIDGE is a very small extended semi-detached house of 69m², built sometime between 1983 and 1990, which could now be worth an estimated £261,614. It was last sold for £250,000 in May 2023, which was around 8% below the average May 2023 semi-detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

EAST RIDGE Sold Prices

Land registry data shows three sales for EAST RIDGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the South Norfolk local authority area for the corresponding sale date. Two of the three EAST RIDGE sales were for below the average price, whilst one was 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
2023 4 MAY	£250,000	£270,757	8% below HPI
2014 16 OCT	£160,000	£181,047	12% below HPI
2004 15 JAN	£129,950	£126,174	3% above HPI

EAST RIDGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three EAST RIDGE sales between January 2004 and May 2023 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 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might EAST RIDGE be worth now?

EAST RIDGE might now be worth an estimated £261,614.

This is based on house price inflation of 4.6%, between May 2023 and February 2025, for semi-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 4.6% inflationary increase is applied to the most recent sale price for EAST RIDGE of £250,000 on 4th May 2023. For the value to have increased from £250,000 to £261,614 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of EAST RIDGE has moved in line with the HPI for semi-detached houses in the South Norfolk local authority area.
• The May 2023 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of EAST RIDGE has not materially changed since May 2023.

How Large is EAST RIDGE?

EAST RIDGE is 69m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of semi-detached houses houses in Newton Flotman, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Newton Flotman, and where EAST RIDGE lies on this distribution: 5% of semi-detached houses houses are smaller than EAST RIDGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Newton Flotman.

EAST RIDGE: Plot and Title Map

EAST RIDGE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of EAST RIDGE, 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 EAST RIDGE). 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 EAST RIDGE?

EAST RIDGE is located on EXCHANGE ROAD in NEWTON FLOTMAN, in the NR15 postcode district. The below map shows the position of EAST RIDGE on EXCHANGE ROAD.