HIGHBANKS, FERRY ROAD, SURLINGHAM, NORWICH, NR14 7AR - £440,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

HIGHBANKS is a very large extended detached house of 235m², built sometime between 1983 and 1990. It was last sold for £440,000 in January 2006, which was around 95% above the average January 2006 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2024, where the current energy rating was E, and the potential energy rating was D.

HIGHBANKS Sold Prices

Land registry data shows two sales for HIGHBANKS 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 HIGHBANKS 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
2006 19 JAN	£440,000	£226,152	95% above HPI
1998 1 OCT	£235,000	£89,563	162% above HPI

HIGHBANKS 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 HIGHBANKS sales from October 1998 and January 2006 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 1998 sale was for 162% above the HPI. So the extrapolation line tracks at 162% above the HPI over time, until the January 2006 sale, where it falls to 95% above the HPI. The line then continues to track at 95% above the HPI.

How Large is HIGHBANKS?

HIGHBANKS is 235m², which includes one extension, according to the EPC inspection conducted in August 2024. This puts it in the largest 10% of detached houses in Surlingham, based on EPC data. The below chart shows the distribution of detached houses by size in Surlingham, and where HIGHBANKS lies on this distribution: 93% of detached houses are smaller than HIGHBANKS, and 7% of houses are larger. Note that EPC data is not available for all properties in Surlingham.

HIGHBANKS: Plot and Title Map

HIGHBANKS sits on a plot of roughly 0.397 of an acre, or 1,607m². The below map shows the location of HIGHBANKS, 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 HIGHBANKS). 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 HIGHBANKS?

HIGHBANKS is located on FERRY ROAD in SURLINGHAM, in the NR14 postcode district. The below map shows the position of HIGHBANKS on FERRY ROAD.