OAKTREE HOUSE, TOWN LANE, GARVESTONE, NORWICH, NR9 4QR - £570,000

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.

OAKTREE HOUSE is a very large extended detached house of 189m², built sometime between 1991 and 1995, which could now be worth an estimated £582,780. It was last sold for £570,000 in May 2022, which was around 57% above the average May 2022 detached price in the Breckland local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

OAKTREE HOUSE Sold Prices

Land registry data shows four sales for OAKTREE HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the four OAKTREE HOUSE sales were for 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 25 MAY	£570,000	£362,307	57% above HPI
2010 5 NOV	£282,500	£209,328	35% above HPI
1998 5 AUG	£103,000	£79,305	30% above HPI
1996 4 APR	£86,000	£65,978	30% above HPI

OAKTREE HOUSE 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 four OAKTREE HOUSE sales between April 1996 and May 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 November 2010 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the May 2022 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might OAKTREE HOUSE be worth now?

OAKTREE HOUSE might now be worth an estimated £582,780.

This is based on house price inflation of 2.2%, between May 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 2.2% inflationary increase is applied to the most recent sale price for OAKTREE HOUSE of £570,000 on 25th May 2022. For the value to have increased from £570,000 to £582,780 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of OAKTREE HOUSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The May 2022 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of OAKTREE HOUSE has not materially changed since May 2022.

How Large is OAKTREE HOUSE?

OAKTREE HOUSE is 189m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 20% 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 OAKTREE HOUSE lies on this distribution: 89% of detached houses houses are smaller than OAKTREE HOUSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Garvestone.

OAKTREE HOUSE: Plot and Title Map

OAKTREE HOUSE sits on a plot of roughly 0.367 of an acre, or 1,485m². The below map shows the location of OAKTREE HOUSE, 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 OAKTREE HOUSE). 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 OAKTREE HOUSE?

OAKTREE HOUSE is located on TOWN LANE in GARVESTONE, in the NR9 postcode district. The below map shows the position of OAKTREE HOUSE on TOWN LANE.