FIELD VIEW, PARK LANE, REEPHAM, NORWICH, NR10 4JZ - £314,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FIELD VIEW is a very large detached house of 205m², built in 2022, which could now be worth an estimated £462,681. It was last sold for £314,000 in August 2015, which was around 9% above the average August 2015 detached price in the Broadland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was B, and the potential energy rating was A.

FIELD VIEW Sold Prices

Land registry data shows two sales for FIELD VIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two FIELD VIEW 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
2015 7 AUG	£314,000	£287,441	9% above HPI
2007 15 MAY	£279,950	£251,267	11% above HPI

FIELD VIEW 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 two FIELD VIEW sales from May 2007 and August 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 May 2007 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2015 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might FIELD VIEW be worth now?

FIELD VIEW might now be worth an estimated £462,681.

This is based on house price inflation of 47.4%, between August 2015 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.4% inflationary increase is applied to the most recent sale price for FIELD VIEW of £314,000 on 7th August 2015. For the value to have increased from £314,000 to £462,681 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of FIELD VIEW has moved in line with the HPI for detached houses in the Broadland local authority area.
• The August 2015 sale price of £314,000 represented a fair market value for the property.
• The size, condition, and specification of FIELD VIEW has not materially changed since August 2015.

How Large is FIELD VIEW?

FIELD VIEW is 205m² according to the EPC inspection conducted in August 2022. This puts it in the largest 10% of detached houses houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reepham, and where FIELD VIEW lies on this distribution: 95% of detached houses houses are smaller than FIELD VIEW, and 5% of houses are larger. Note that EPC data is not available for all properties in Reepham.

FIELD VIEW: Plot and Title Map

FIELD VIEW sits on a plot of roughly 0.149 of an acre, or 603m². The below map shows the location of FIELD VIEW, 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 FIELD VIEW). 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 FIELD VIEW?

FIELD VIEW is located on PARK LANE in REEPHAM, in the NR10 postcode district. The below map shows the position of FIELD VIEW on PARK LANE.