FLOWER PATCH, MILL LANE, BACTON, NORWICH, NR12 0HN - £245,000

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

FLOWER PATCH is a very small extended detached house of 73m², built sometime between 1967 and 1975. It was last sold for £245,000 in July 2021, which was around 36% below the average July 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

FLOWER PATCH Sold Prices

Land registry data shows two sales for FLOWER PATCH 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. Both of the two FLOWER PATCH 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
2021 13 JUL	£245,000	£380,936	36% below HPI
2018 25 JAN	£200,000	£332,740	40% below HPI

FLOWER PATCH 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 FLOWER PATCH sales from January 2018 and July 2021 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 2018 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2021 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is FLOWER PATCH?

FLOWER PATCH is 73m², which includes two extensions, according to the EPC inspection conducted in April 2018. This puts it in the smallest 20% of detached houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses by size in Bacton, and where FLOWER PATCH lies on this distribution: 18% of detached houses are smaller than FLOWER PATCH, and 82% of houses are larger. Note that EPC data is not available for all properties in Bacton.

FLOWER PATCH: Plot and Title Map

FLOWER PATCH sits on a plot of roughly 0.148 of an acre, or 597m². The below map shows the location of FLOWER PATCH, 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 FLOWER PATCH). 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 FLOWER PATCH?

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