NEW BUNGALOW, LIGHTHOUSE LANE, HAPPISBURGH, NORWICH, NR12 0QA - £270,000

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.

NEW BUNGALOW is a small detached house of 86m², built sometime between 1983 and 1990, which could now be worth an estimated £339,235. It was last sold for £270,000 in March 2018, which was around 21% below the average March 2018 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

NEW BUNGALOW Sold Prices

Land registry data shows two sales for NEW BUNGALOW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two NEW BUNGALOW 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
2018 19 MAR	£270,000	£342,891	21% below HPI
2017 1 MAR	£250,000	£319,809	22% below HPI

NEW BUNGALOW 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 two NEW BUNGALOW sales from March 2017 and March 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 March 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2018 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might NEW BUNGALOW be worth now?

NEW BUNGALOW might now be worth an estimated £339,235.

This is based on house price inflation of 25.6%, between March 2018 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 25.6% inflationary increase is applied to the most recent sale price for NEW BUNGALOW of £270,000 on 19th March 2018. For the value to have increased from £270,000 to £339,235 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of NEW BUNGALOW has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The March 2018 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of NEW BUNGALOW has not materially changed since March 2018.

How Large is NEW BUNGALOW?

NEW BUNGALOW is 86m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 40% of detached houses houses in Happisburgh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Happisburgh, and where NEW BUNGALOW lies on this distribution: 32% of detached houses houses are smaller than NEW BUNGALOW, and 67% of houses are larger. Note that EPC data is not available for all properties in Happisburgh.

NEW BUNGALOW: Plot and Title Map

NEW BUNGALOW sits on a plot of roughly 0.178 of an acre, or 722m². The below map shows the location of NEW BUNGALOW, 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 NEW BUNGALOW). 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 NEW BUNGALOW?

NEW BUNGALOW is located on LIGHTHOUSE LANE in HAPPISBURGH, in the NR12 postcode district. The below map shows the position of NEW BUNGALOW on LIGHTHOUSE LANE.