GREYBANKS, NEWTON ROAD, HAINFORD, NORWICH, NR10 3LZ - £330,000

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.

GREYBANKS is a midsized extended detached house of 119m², built sometime between 1991 and 1995, which could now be worth an estimated £440,594. It was last sold for £330,000 in August 2016, which was around 4% above the average August 2016 detached price in the Broadland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was E, and the potential energy rating was C.

GREYBANKS Sold Prices

Land registry data shows three sales for GREYBANKS 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. The three GREYBANKS sales were a mix of above the average price, and roughly equal to 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
2016 30 AUG	£330,000	£317,231	4% above HPI
2007 4 MAY	£264,500	£251,267	5% above HPI
1997 10 JUL	£79,500	£79,702	Close to HPI

GREYBANKS 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 GREYBANKS sales between July 1997 and August 2016 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 May 2007 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2016 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might GREYBANKS be worth now?

GREYBANKS might now be worth an estimated £440,594.

This is based on house price inflation of 33.5%, between August 2016 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.5% inflationary increase is applied to the most recent sale price for GREYBANKS of £330,000 on 30th August 2016. For the value to have increased from £330,000 to £440,594 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of GREYBANKS has moved in line with the HPI for detached houses in the Broadland local authority area.
• The August 2016 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of GREYBANKS has not materially changed since August 2016.

How Large is GREYBANKS?

GREYBANKS is 119m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the smallest 50% of detached houses houses in Hainford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hainford, and where GREYBANKS lies on this distribution: 49% of detached houses houses are smaller than GREYBANKS, and 51% of houses are larger. Note that EPC data is not available for all properties in Hainford.

GREYBANKS: Plot and Title Map

GREYBANKS sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of GREYBANKS, 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 GREYBANKS). 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 GREYBANKS?

GREYBANKS is located on NEWTON ROAD in HAINFORD, in the NR10 postcode district. The below map shows the position of GREYBANKS on NEWTON ROAD.