NEWHAVEN, SANDPIT LANE, THORPE MARKET, NORWICH, NR11 8TJ - £295,000

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

NEWHAVEN is a small detached house of 90m², built sometime between 1967 and 1975. It was last sold for £295,000 in December 2023, which was around 31% below the average December 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2023, where the current energy rating was E, and the potential energy rating was C.

NEWHAVEN Sold Prices

Land registry data shows two sales for NEWHAVEN 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 NEWHAVEN 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
2023 8 DEC	£295,000	£428,786	31% below HPI
2006 28 JUN	£187,500	£227,316	18% below HPI

NEWHAVEN 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 NEWHAVEN sales from June 2006 and December 2023 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 June 2006 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is NEWHAVEN?

NEWHAVEN is 90m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 30% of detached houses in Thorpe Market, based on EPC data. The below chart shows the distribution of detached houses by size in Thorpe Market, and where NEWHAVEN lies on this distribution: 22% of detached houses are smaller than NEWHAVEN, and 75% of houses are larger. Note that EPC data is not available for all properties in Thorpe Market.

NEWHAVEN: Plot and Title Map

NEWHAVEN sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of NEWHAVEN, 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 NEWHAVEN). 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 NEWHAVEN?

NEWHAVEN is located on SANDPIT LANE in THORPE MARKET, in the NR11 postcode district. The below map shows the position of NEWHAVEN on SANDPIT LANE.