EASTFIELD, MILL LANE, BACTON, NORWICH, NR12 0HN - £274,000

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.

EASTFIELD is a very large extended detached house of 159m², built sometime between 1950 and 1966, which could now be worth an estimated £431,755. It was last sold for £274,000 in February 2015, which was about the average February 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

EASTFIELD Sold Prices

Land registry data shows two sales for EASTFIELD 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. One of the two EASTFIELD sales was roughly equal to the average price, whilst the other 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
2015 16 FEB	£274,000	£273,405	Close to HPI
2005 30 SEP	£200,000	£223,123	10% below HPI

EASTFIELD 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 EASTFIELD sales from September 2005 and February 2015 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 September 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2015 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might EASTFIELD be worth now?

EASTFIELD might now be worth an estimated £431,755.

This is based on house price inflation of 57.6%, between February 2015 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 57.6% inflationary increase is applied to the most recent sale price for EASTFIELD of £274,000 on 16th February 2015. For the value to have increased from £274,000 to £431,755 over the ten years to February 2025, the following assumptions must hold true:

• The value of EASTFIELD has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2015 sale price of £274,000 represented a fair market value for the property.
• The size, condition, and specification of EASTFIELD has not materially changed since February 2015.

How Large is EASTFIELD?

EASTFIELD is 159m², which includes four extensions, according to the EPC inspection conducted in July 2012. This puts it in the largest 20% of detached houses houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacton, and where EASTFIELD lies on this distribution: 80% of detached houses houses are smaller than EASTFIELD, and 20% of houses are larger. Note that EPC data is not available for all properties in Bacton.

EASTFIELD: Plot and Title Map

EASTFIELD sits on a plot of roughly 0.292 of an acre, or 1,182m². The below map shows the location of EASTFIELD, 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 EASTFIELD). 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 EASTFIELD?

EASTFIELD is located on MILL LANE in BACTON, in the NR12 postcode district. The below map shows the position of EASTFIELD on MILL LANE.