GOWAN LEA, FLORDON ROAD, NEWTON FLOTMAN, NORWICH, NR15 1QX - £307,000

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

GOWAN LEA is a small detached house of 90m², built sometime between 1991 and 1995, which could now be worth an estimated £314,365. It was last sold for £307,000 in September 2023, which was around 27% below the average September 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

GOWAN LEA Sold Prices

Land registry data shows two sales for GOWAN LEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two GOWAN LEA 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
2023 26 SEP	£307,000	£421,272	27% below HPI
2001 23 OCT	£120,000	£148,503	19% below HPI

GOWAN LEA 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 two GOWAN LEA sales from October 2001 and September 2023 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 October 2001 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2023 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might GOWAN LEA be worth now?

GOWAN LEA might now be worth an estimated £314,365.

This is based on house price inflation of 2.4%, between September 2023 and December 2024, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.4% inflationary increase is applied to the most recent sale price for GOWAN LEA of £307,000 on 26th September 2023. For the value to have increased from £307,000 to £314,365 over the nine months to December 2024, the following assumptions must hold true:

• The value of GOWAN LEA has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The September 2023 sale price of £307,000 represented a fair market value for the property.
• The size, condition, and specification of GOWAN LEA has not materially changed since September 2023.

How Large is GOWAN LEA?

GOWAN LEA is 90m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 30% of detached houses houses in Newton Flotman, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newton Flotman, and where GOWAN LEA lies on this distribution: 25% of detached houses houses are smaller than GOWAN LEA, and 75% of houses are larger. Note that EPC data is not available for all properties in Newton Flotman.

GOWAN LEA: Plot and Title Map

GOWAN LEA sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of GOWAN LEA, 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 GOWAN LEA). 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 GOWAN LEA?

GOWAN LEA is located on FLORDON ROAD in NEWTON FLOTMAN, in the NR15 postcode district. The below map shows the position of GOWAN LEA on FLORDON ROAD.