HORSESHOES, THE STREET, ERPINGHAM, NORWICH, NR11 7QB - £335,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

HORSESHOES is a large extended detached house of 151m², built sometime between 1967 and 1975, which could now be worth an estimated £516,803. It was last sold for £335,000 in October 2014, which was around 23% above the average October 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

HORSESHOES Sold Prices

Land registry data shows three sales for HORSESHOES 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. Two of the three HORSESHOES sales were for above the average price, whilst one was 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
2014 9 OCT	£335,000	£272,824	23% above HPI
1999 30 APR	£85,000	£84,227	1% above HPI
1997 4 DEC	£38,254	£80,161	52% below HPI

HORSESHOES 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 HORSESHOES sales between December 1997 and October 2014 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 1999 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2014 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might HORSESHOES be worth now?

HORSESHOES might now be worth an estimated £516,803.

This is based on house price inflation of 54.3%, between October 2014 and December 2024, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54.3% inflationary increase is applied to the most recent sale price for HORSESHOES of £335,000 on 9th October 2014. For the value to have increased from £335,000 to £516,803 over the nine years and ten months to December 2024, the following assumptions must hold true:

• The value of HORSESHOES has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2014 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of HORSESHOES has not materially changed since October 2014.

How Large is HORSESHOES?

HORSESHOES is 151m², which includes two extensions, according to the EPC inspection conducted in March 2011. This puts it in the largest 30% of detached houses houses in Erpingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Erpingham, and where HORSESHOES lies on this distribution: 80% of detached houses houses are smaller than HORSESHOES, and 20% of houses are larger. Note that EPC data is not available for all properties in Erpingham.

HORSESHOES: Plot and Title Map

HORSESHOES sits on a plot of roughly 0.415 of an acre, or 1,678m². The below map shows the location of HORSESHOES, 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 HORSESHOES). 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 HORSESHOES?

HORSESHOES is located on THE STREET in ERPINGHAM, in the NR11 postcode district. The below map shows the position of HORSESHOES on THE STREET.