NEWLANDS, NORWICH ROAD, EDGEFIELD, MELTON CONSTABLE, NR24 2RL - £190,000

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

NEWLANDS is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £190,000 in October 2011, which was around 21% below the average October 2011 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was C.

NEWLANDS Sold Prices

Land registry data shows three sales for NEWLANDS 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 NEWLANDS 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
2011 28 OCT	£190,000	£240,196	21% below HPI
2007 19 JAN	£185,000	£244,597	24% below HPI
2002 22 FEB	£120,000	£137,218	13% below HPI

NEWLANDS 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 NEWLANDS sales between February 2002 and October 2011 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 January 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2011 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is NEWLANDS?

NEWLANDS is 75m² according to the EPC inspection conducted in January 2011. This puts it in the smallest 10% of detached houses in Edgefield, based on EPC data. The below chart shows the distribution of detached houses by size in Edgefield, and where NEWLANDS lies on this distribution: 2% of detached houses are smaller than NEWLANDS, and 98% of houses are larger. Note that EPC data is not available for all properties in Edgefield.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.181 of an acre, or 734m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on NORWICH ROAD in EDGEFIELD, in the NR24 postcode district. The below map shows the position of NEWLANDS on NORWICH ROAD.