LOCKHOLME, NORTH WALSHAM ROAD, BACTON, NORWICH, NR12 0LN - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

LOCKHOLME is a small detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £363,006. It was last sold for £315,000 in March 2021, which was around 16% below the average March 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

LOCKHOLME Sold Prices

Land registry data shows three sales for LOCKHOLME 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 LOCKHOLME sales were 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
2021 22 MAR	£315,000	£373,843	16% below HPI
2018 18 OCT	£250,000	£356,867	30% below HPI
1995 27 JUL	£60,000	£68,437	12% below HPI

LOCKHOLME 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 LOCKHOLME sales between July 1995 and March 2021 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 October 2018 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might LOCKHOLME be worth now?

LOCKHOLME might now be worth an estimated £363,006.

This is based on house price inflation of 15.2%, between March 2021 and February 2025, 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 15.2% inflationary increase is applied to the most recent sale price for LOCKHOLME of £315,000 on 22nd March 2021. For the value to have increased from £315,000 to £363,006 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of LOCKHOLME has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The March 2021 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of LOCKHOLME has not materially changed since March 2021.

How Large is LOCKHOLME?

LOCKHOLME is 92m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 40% of detached houses houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacton, and where LOCKHOLME lies on this distribution: 35% of detached houses houses are smaller than LOCKHOLME, and 64% of houses are larger. Note that EPC data is not available for all properties in Bacton.

LOCKHOLME: Plot and Title Map

LOCKHOLME sits on a plot of roughly 0.211 of an acre, or 853m². The below map shows the location of LOCKHOLME, 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 LOCKHOLME). 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 LOCKHOLME?

LOCKHOLME is located on NORTH WALSHAM ROAD in BACTON, in the NR12 postcode district. The below map shows the position of LOCKHOLME on NORTH WALSHAM ROAD.