HOME FARM, CHURCH ROAD, BACTON, NORWICH, NR12 0ET - £645,000

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

HOME FARM is a very large extended detached house of 284m², built sometime before 1900. It was last sold for £645,000 in March 2024, which was around 50% above the average March 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was C.

HOME FARM Sold Prices

Land registry data shows three sales for HOME FARM since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three HOME FARM 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
2024 12 MAR	£645,000	£430,073	50% above HPI
2021 10 MAR	£585,000	£370,260	58% above HPI
2001 1 AUG	£230,000	£125,421	83% above HPI

HOME FARM 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 three HOME FARM sales between August 2001 and March 2024 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 March 2021 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the March 2024 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is HOME FARM?

HOME FARM is 284m², which includes three extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 10% of detached houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses by size in Bacton, and where HOME FARM lies on this distribution: 99% of detached houses are smaller than HOME FARM, and 1% of houses are larger. Note that EPC data is not available for all properties in Bacton.

HOME FARM: Plot and Title Map

HOME FARM sits on a plot of roughly 0.460 of an acre, or 1,863m². The below map shows the location of HOME FARM, 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 HOME FARM). 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 HOME FARM?

HOME FARM is located on CHURCH ROAD in BACTON, in the NR12 postcode district. The below map shows the position of HOME FARM on CHURCH ROAD.