HOPE HOUSE, CHAPEL HILL, WOODTON, BUNGAY, NR35 2NX - £488,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

HOPE HOUSE is a large detached house of 143m², built sometime between 1996 and 2002. It was last sold for £488,000 in October 2019, which was around 43% above the average October 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

HOPE HOUSE Sold Prices

Land registry data shows four sales for HOPE HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the four HOPE HOUSE 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
2019 3 OCT	£488,000	£340,368	43% above HPI
2001 27 SEP	£218,000	£140,660	55% above HPI
1998 4 SEP	£140,000	£87,513	60% above HPI
1998 8 JAN	£127,500	£83,896	52% above HPI

HOPE HOUSE 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 four HOPE HOUSE sales between January 1998 and October 2019 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 September 2001 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the October 2019 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is HOPE HOUSE?

HOPE HOUSE is 143m² according to the EPC inspection conducted in January 2019. This puts it in the largest 30% of detached houses in Woodton, based on EPC data. The below chart shows the distribution of detached houses by size in Woodton, and where HOPE HOUSE lies on this distribution: 70% of detached houses are smaller than HOPE HOUSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Woodton.

HOPE HOUSE: Plot and Title Map

HOPE HOUSE sits on a plot of roughly 0.242 of an acre, or 978m². The below map shows the location of HOPE HOUSE, 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 HOPE HOUSE). 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 HOPE HOUSE?

HOPE HOUSE is located on CHAPEL HILL in WOODTON, in the NR35 postcode district. The below map shows the position of HOPE HOUSE on CHAPEL HILL.