NICOLE, SANDPIT LANE, THORPE MARKET, NORWICH, NR11 8TJ - £146,000

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.

NICOLE is a very small detached house of 71m², built sometime between 1950 and 1966, which could now be worth an estimated £259,356. It was last sold for £146,000 in October 2011, which was around 40% below the average October 2011 detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2010, where the current energy rating was E, and the potential energy rating was E.

NICOLE Sold Prices

Land registry data shows three sales for NICOLE 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 NICOLE 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	£146,000	£242,521	40% below HPI
2003 24 FEB	£120,000	£179,797	33% below HPI
2000 30 AUG	£67,500	£108,559	38% below HPI

NICOLE 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 NICOLE sales between August 2000 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 February 2003 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2011 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might NICOLE be worth now?

NICOLE might now be worth an estimated £259,356.

This is based on house price inflation of 77.6%, between October 2011 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 77.6% inflationary increase is applied to the most recent sale price for NICOLE of £146,000 on 28th October 2011. For the value to have increased from £146,000 to £259,356 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of NICOLE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2011 sale price of £146,000 represented a fair market value for the property.
• The size, condition, and specification of NICOLE has not materially changed since October 2011.

How Large is NICOLE?

NICOLE is 71m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 10% of detached houses houses in Thorpe Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thorpe Market, and where NICOLE lies on this distribution: 8% of detached houses houses are smaller than NICOLE, and 92% of houses are larger. Note that EPC data is not available for all properties in Thorpe Market.

NICOLE: Plot and Title Map

NICOLE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of NICOLE, 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 NICOLE). 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 NICOLE?

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