GREENBANKS, BEECH ROAD, WROXHAM, NORWICH, NR12 8TP - £725,000

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

GREENBANKS is a very small extended detached house of 84m², built sometime between 1930 and 1949. It was last sold for £725,000 in July 2023, which was around 77% above the average July 2023 detached price in the Broadland local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was D.

GREENBANKS Sold Prices

Land registry data shows three sales for GREENBANKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three GREENBANKS 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
2023 11 JUL	£725,000	£410,136	77% above HPI
2021 29 OCT	£725,000	£384,570	89% above HPI
2005 16 MAR	£315,900	£217,687	45% above HPI

GREENBANKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three GREENBANKS sales between March 2005 and July 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 2021 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the July 2023 sale, where it falls to 77% above the HPI. The line then continues to track at 77% above the HPI.

How Large is GREENBANKS?

GREENBANKS is 84m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the smallest 10% of detached houses in Wroxham, based on EPC data. The below chart shows the distribution of detached houses by size in Wroxham, and where GREENBANKS lies on this distribution: 5% of detached houses are smaller than GREENBANKS, and 94% of houses are larger. Note that EPC data is not available for all properties in Wroxham.

GREENBANKS: Plot and Title Map

GREENBANKS sits on a plot of roughly 0.347 of an acre, or 1,404m². The below map shows the location of GREENBANKS, 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 GREENBANKS). 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 GREENBANKS?

GREENBANKS is located on BEECH ROAD in WROXHAM, in the NR12 postcode district. The below map shows the position of GREENBANKS on BEECH ROAD.