GOTHIC HOUSE, MAGDALEN STREET, NORWICH, NR3 1JE - £295,000

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

GOTHIC HOUSE is a very large detached house of 219m², built sometime before 1900. It was last sold for £295,000 in December 2006, which was around 10% above the average December 2006 detached price in the Norwich local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

GOTHIC HOUSE Sold Prices

Land registry data shows three sales for GOTHIC HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. All of the three GOTHIC HOUSE 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
2006 5 DEC	£295,000	£269,391	10% above HPI
1998 1 JUN	£133,000	£88,483	50% above HPI
1995 1 SEP	£120,000	£79,909	50% above HPI

GOTHIC HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The three GOTHIC HOUSE sales between September 1995 and December 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 June 1998 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the December 2006 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is GOTHIC HOUSE?

GOTHIC HOUSE is 219m² according to the EPC inspection conducted in February 2019. This puts it in the largest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where GOTHIC HOUSE lies on this distribution: 96% of detached houses are smaller than GOTHIC HOUSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Norwich.

GOTHIC HOUSE: Plot and Title Map

GOTHIC HOUSE sits on a plot of roughly 0.025 of an acre, or 103m². The below map shows the location of GOTHIC HOUSE, 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 GOTHIC HOUSE). 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 GOTHIC HOUSE?

GOTHIC HOUSE is located on MAGDALEN STREET in NORWICH, in the NR3 postcode district. The below map shows the position of GOTHIC HOUSE on MAGDALEN STREET.