ELM GABLES, GREEN LANE WEST, RACKHEATH, NORWICH, NR13 6LT - £125,000

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

ELM GABLES is a large extended detached house of 128m², built sometime between 1950 and 1966. It was last sold for £125,000 in November 2006, which was around 49% below the average November 2006 detached price in the Broadland local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

ELM GABLES Sold Prices

Land registry data shows three sales for ELM GABLES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three ELM GABLES 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
2006 1 NOV	£125,000	£243,912	49% below HPI
2004 15 JAN	£45,000	£194,683	77% below HPI
2001 2 JUL	£30,000	£129,818	77% below HPI

ELM GABLES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three ELM GABLES sales between July 2001 and November 2006 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 January 2004 sale was for 77% below the HPI. So the extrapolation line tracks at 77% below the HPI over time, until the November 2006 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is ELM GABLES?

ELM GABLES is 128m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the largest 40% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where ELM GABLES lies on this distribution: 68% of detached houses are smaller than ELM GABLES, and 32% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

ELM GABLES: Plot and Title Map

ELM GABLES sits on a plot of roughly 0.152 of an acre, or 616m². The below map shows the location of ELM GABLES, 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 ELM GABLES). 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 ELM GABLES?

ELM GABLES is located on GREEN LANE WEST in RACKHEATH, in the NR13 postcode district. The below map shows the position of ELM GABLES on GREEN LANE WEST.