GREENACRES, RECTORY ROAD, EDGEFIELD, MELTON CONSTABLE, NR24 2RJ - £350,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

GREENACRES is a small extended detached house of 103m², built sometime between 1976 and 1982. It was last sold for £350,000 in August 2020, which was around 1% below the average August 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

GREENACRES Sold Prices

Land registry data shows two sales for GREENACRES 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. One of the two GREENACRES sales was for below the average price, whilst the other was 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
2020 13 AUG	£350,000	£353,478	1% below HPI
2009 30 OCT	£249,600	£238,007	5% above HPI

GREENACRES 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 GREENACRES sales from October 2009 and August 2020 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 2009 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2020 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is GREENACRES?

GREENACRES is 103m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 30% of detached houses in Edgefield, based on EPC data. The below chart shows the distribution of detached houses by size in Edgefield, and where GREENACRES lies on this distribution: 24% of detached houses are smaller than GREENACRES, and 73% of houses are larger. Note that EPC data is not available for all properties in Edgefield.

GREENACRES: Plot and Title Map

GREENACRES sits on a plot of roughly 0.243 of an acre, or 982m². The below map shows the location of GREENACRES, 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 GREENACRES). 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 GREENACRES?

GREENACRES is located on RECTORY ROAD in EDGEFIELD, in the NR24 postcode district. The below map shows the position of GREENACRES on RECTORY ROAD.