EASTWOOD, FOLGATE LANE, COSTESSEY, NORWICH, NR8 5EF - £950,000

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

EASTWOOD is a very large extended detached house of 368m², built sometime between 1930 and 1949. It was last sold for £950,000 in June 2019, which was around 182% above the average June 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

EASTWOOD Sold Prices

Land registry data shows four sales for EASTWOOD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the four EASTWOOD 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
2019 25 JUN	£950,000	£336,517	182% above HPI
2014 9 APR	£725,000	£250,166	190% above HPI
2006 8 SEP	£499,000	£240,817	107% above HPI
2000 1 DEC	£325,000	£122,783	165% above HPI

EASTWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The four EASTWOOD sales between December 2000 and June 2019 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 April 2014 sale was for 190% above the HPI. So the extrapolation line tracks at 190% above the HPI over time, until the June 2019 sale, where it falls to 182% above the HPI. The line then continues to track at 182% above the HPI.

How Large is EASTWOOD?

EASTWOOD is 368m², which includes four extensions, according to the EPC inspection conducted in September 2011. This puts it in the largest 10% of detached houses in Costessey, based on EPC data. The below chart shows the distribution of detached houses by size in Costessey, and where EASTWOOD lies on this distribution: More than 99% of detached houses are smaller than EASTWOOD, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Costessey.

EASTWOOD: Plot and Title Map

EASTWOOD sits on a plot of roughly 0.901 of an acre, or 3,645m². The below map shows the location of EASTWOOD, 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 EASTWOOD). 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 EASTWOOD?

EASTWOOD is located on FOLGATE LANE in COSTESSEY, in the NR8 postcode district. The below map shows the position of EASTWOOD on FOLGATE LANE.