HILLSIDE, GREEN LANE WEST, RACKHEATH, NORWICH, NR13 6LT - £260,000

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

HILLSIDE is a very small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £260,000 in July 2017, which was around 21% below the average July 2017 detached price in the Broadland local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was A.

HILLSIDE Sold Prices

Land registry data shows two sales for HILLSIDE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two HILLSIDE 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
2017 21 JUL	£260,000	£329,246	21% below HPI
2014 25 APR	£179,000	£253,357	29% below HPI

HILLSIDE 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 two HILLSIDE sales from April 2014 and July 2017 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 April 2014 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2017 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is HILLSIDE?

HILLSIDE is 72m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where HILLSIDE lies on this distribution: 8% of detached houses are smaller than HILLSIDE, and 91% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

HILLSIDE: Plot and Title Map

HILLSIDE sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of HILLSIDE, 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 HILLSIDE). 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 HILLSIDE?

HILLSIDE is located on GREEN LANE WEST in RACKHEATH, in the NR13 postcode district. The below map shows the position of HILLSIDE on GREEN LANE WEST.