OAK TREE BUNGALOW, REYMERSTON ROAD, GARVESTONE, NORWICH, NR9 4QX - £315,000

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.

OAK TREE BUNGALOW is a very small detached house of 81m², which could now be worth an estimated £307,261. It was last sold for £315,000 in November 2022, which was around 17% below the average November 2022 detached price in the Breckland local authority area. The most recent EPC inspection was February 2020, where the current energy rating was B, and the potential energy rating was A.

OAK TREE BUNGALOW Sold Prices

Land registry data shows six sales for OAK TREE BUNGALOW since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. The six OAK TREE BUNGALOW sales were a mix of below the average price, roughly equal to the average price, and above 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
2022 14 NOV	£315,000	£379,760	17% below HPI
2020 25 SEP	£312,500	£317,363	2% below HPI
2015 5 MAR	£250,000	£238,806	5% above HPI
2013 15 MAR	£225,000	£205,976	9% above HPI
2007 18 MAY	£250,000	£225,469	11% above HPI
2002 31 OCT	£155,000	£155,548	Close to HPI

OAK TREE BUNGALOW Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The six OAK TREE BUNGALOW sales between October 2002 and November 2022 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 September 2020 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might OAK TREE BUNGALOW be worth now?

OAK TREE BUNGALOW might now be worth an estimated £307,261.

This is based on house price deflation of 2.5%, between November 2022 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.5% deflationary decrease is applied to the most recent sale price for OAK TREE BUNGALOW of £315,000 on 14th November 2022. For the value to have decreased from £315,000 to £307,261 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of OAK TREE BUNGALOW has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2022 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of OAK TREE BUNGALOW has not materially changed since November 2022.

How Large is OAK TREE BUNGALOW?

OAK TREE BUNGALOW is 81m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of detached houses houses in Garvestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Garvestone, and where OAK TREE BUNGALOW lies on this distribution: 9% of detached houses houses are smaller than OAK TREE BUNGALOW, and 91% of houses are larger. Note that EPC data is not available for all properties in Garvestone.

OAK TREE BUNGALOW: Plot and Title Map

OAK TREE BUNGALOW sits on a plot of roughly 0.107 of an acre, or 435m². The below map shows the location of OAK TREE 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 OAK TREE 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 OAK TREE BUNGALOW?

OAK TREE BUNGALOW is located on REYMERSTON ROAD in GARVESTONE, in the NR9 postcode district. The below map shows the position of OAK TREE BUNGALOW on REYMERSTON ROAD.