OTTERMEAD, CHURCH ROAD, GREAT PLUMSTEAD, NORWICH, NR13 5AB - £395,000

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

OTTERMEAD is a very large extended detached house of 238m², built sometime between 1967 and 1975. It was last sold for £395,000 in July 2016, which was around 27% above the average July 2016 detached price in the Broadland local authority area. The most recent EPC inspection was May 2024, where the current energy rating was E, and the potential energy rating was C.

OTTERMEAD Sold Prices

Land registry data shows two sales for OTTERMEAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two OTTERMEAD 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
2016 20 JUL	£395,000	£310,405	27% above HPI
2003 25 MAR	£275,000	£185,905	48% above HPI

OTTERMEAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two OTTERMEAD sales from March 2003 and July 2016 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 March 2003 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the July 2016 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is OTTERMEAD?

OTTERMEAD is 238m², which includes four extensions, according to the EPC inspection conducted in May 2024. This puts it in the largest 10% of detached houses in Great Plumstead, based on EPC data. The below chart shows the distribution of detached houses by size in Great Plumstead, and where OTTERMEAD lies on this distribution: 92% of detached houses are smaller than OTTERMEAD, and 8% of houses are larger. Note that EPC data is not available for all properties in Great Plumstead.

OTTERMEAD: Plot and Title Map

OTTERMEAD sits on a plot of roughly 0.391 of an acre, or 1,582m². The below map shows the location of OTTERMEAD, 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 OTTERMEAD). 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 OTTERMEAD?

OTTERMEAD is located on CHURCH ROAD in GREAT PLUMSTEAD, in the NR13 postcode district. The below map shows the position of OTTERMEAD on CHURCH ROAD.