HOMAGEN, PECKS LANE, EDGEFIELD, MELTON CONSTABLE, NR24 2RW - £355,000

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

HOMAGEN is a very small detached house of 95m², built sometime between 1967 and 1975. It was last sold for £355,000 in January 2023, which was around 18% below the average January 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was C.

HOMAGEN Sold Prices

Land registry data shows two sales for HOMAGEN 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 HOMAGEN 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
2023 23 JAN	£355,000	£432,712	18% below HPI
1995 6 APR	£55,000	£67,483	18% below HPI

HOMAGEN 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 HOMAGEN sales from April 1995 and January 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 April 1995 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the January 2023 sale, which was also at 18% below the HPI.

How Large is HOMAGEN?

HOMAGEN is 95m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses in Edgefield, based on EPC data. The below chart shows the distribution of detached houses by size in Edgefield, and where HOMAGEN lies on this distribution: 13% of detached houses are smaller than HOMAGEN, and 87% of houses are larger. Note that EPC data is not available for all properties in Edgefield.

HOMAGEN: Plot and Title Map

HOMAGEN sits on a plot of roughly 0.204 of an acre, or 825m². The below map shows the location of HOMAGEN, 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 HOMAGEN). 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 HOMAGEN?

HOMAGEN is located on PECKS LANE in EDGEFIELD, in the NR24 postcode district. The below map shows the position of HOMAGEN on PECKS LANE.