GREENACRES, WALCOTT ROAD, BACTON, NORWICH, NR12 0EX - £290,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GREENACRES is a midsized detached house of 103m², built sometime between 2003 and 2006, which could now be worth an estimated £347,925. It was last sold for £290,000 in October 2019, which was around 19% below the average October 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

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. Both of the two GREENACRES 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
2019 25 OCT	£290,000	£359,092	19% below HPI
2005 14 OCT	£180,000	£221,262	19% below 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 2005 and October 2019 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 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2019 sale, which was also at 19% below the HPI.

What might GREENACRES be worth now?

GREENACRES might now be worth an estimated £347,925.

This is based on house price inflation of 20%, between October 2019 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20% inflationary increase is applied to the most recent sale price for GREENACRES of £290,000 on 25th October 2019. For the value to have increased from £290,000 to £347,925 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of GREENACRES has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2019 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of GREENACRES has not materially changed since October 2019.

How Large is GREENACRES?

GREENACRES is 103m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 50% of detached houses houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacton, and where GREENACRES lies on this distribution: 46% of detached houses houses are smaller than GREENACRES, and 53% of houses are larger. Note that EPC data is not available for all properties in Bacton.

GREENACRES: Plot and Title Map

GREENACRES sits on a plot of roughly 0.203 of an acre, or 823m². 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 WALCOTT ROAD in BACTON, in the NR12 postcode district. The below map shows the position of GREENACRES on WALCOTT ROAD.