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

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

NICOLE is a very small detached house of 71m², built sometime between 1950 and 1966. It was last sold for £146,000 in October 2011, which was around 39% 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	£240,196	39% below HPI
2003 24 FEB	£120,000	£178,073	33% below HPI
2000 30 AUG	£67,500	£107,519	37% 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 39% below the HPI. The line then continues to track at 39% below the HPI.

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 in Thorpe Market, based on EPC data. The below chart shows the distribution of detached houses by size in Thorpe Market, and where NICOLE lies on this distribution: 8% of detached 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.