LAVENDER RISE, DEREHAM ROAD, GARVESTONE, NORWICH, NR9 4QT - £525,000

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

LAVENDER RISE is a midsized detached house of 123m². It was last sold for £525,000 in January 2022, which was around 47% above the average January 2022 detached price in the Breckland local authority area. The most recent EPC inspection was July 2020, where the current energy rating was B, and the potential energy rating was A.

LAVENDER RISE Sold Prices

Land registry data shows two sales for LAVENDER RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two LAVENDER RISE 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
2022 25 JAN	£525,000	£356,742	47% above HPI
2020 17 SEP	£404,000	£314,912	28% above HPI

LAVENDER RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two LAVENDER RISE sales from September 2020 and January 2022 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 2020 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the January 2022 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is LAVENDER RISE?

LAVENDER RISE is 123m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 50% of detached houses in Garvestone, based on EPC data. The below chart shows the distribution of detached houses by size in Garvestone, and where LAVENDER RISE lies on this distribution: 45% of detached houses are smaller than LAVENDER RISE, and 55% of houses are larger. Note that EPC data is not available for all properties in Garvestone.

LAVENDER RISE: Plot and Title Map

LAVENDER RISE sits on a plot of roughly 0.153 of an acre, or 620m². The below map shows the location of LAVENDER RISE, 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 LAVENDER RISE). 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 LAVENDER RISE?

LAVENDER RISE is located on DEREHAM ROAD in GARVESTONE, in the NR9 postcode district. The below map shows the position of LAVENDER RISE on DEREHAM ROAD.