KARMA, FOLGATE LANE, COSTESSEY, NORWICH, NR8 5DP - £410,000

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

KARMA is a midsized extended detached house of 143m², built sometime between 1950 and 1966. It was last sold for £410,000 in November 2018, which was around 20% above the average November 2018 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2018, where the current energy rating was E, and the potential energy rating was C.

KARMA Sold Prices

Land registry data shows two sales for KARMA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two KARMA 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
2018 19 NOV	£410,000	£341,225	20% above HPI
2006 24 APR	£285,000	£226,771	26% above HPI

KARMA 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 two KARMA sales from April 2006 and November 2018 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 2006 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the November 2018 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is KARMA?

KARMA is 143m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the largest 50% of detached houses in Costessey, based on EPC data. The below chart shows the distribution of detached houses by size in Costessey, and where KARMA lies on this distribution: 59% of detached houses are smaller than KARMA, and 41% of houses are larger. Note that EPC data is not available for all properties in Costessey.

KARMA: Plot and Title Map

KARMA sits on a plot of roughly 0.540 of an acre, or 2,185m². The below map shows the location of KARMA, 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 KARMA). 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 KARMA?

KARMA is located on FOLGATE LANE in COSTESSEY, in the NR8 postcode district. The below map shows the position of KARMA on FOLGATE LANE.