PENRHOS, COAST ROAD, WALCOTT, NORWICH, NR12 0NG - £220,000

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.

PENRHOS is a large detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £243,076. It was last sold for £220,000 in October 2020, which was around 44% below the average October 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was C.

PENRHOS Sold Prices

Land registry data shows three sales for PENRHOS 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 PENRHOS 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
2020 2 OCT	£220,000	£389,918	44% below HPI
2012 17 FEB	£124,500	£239,666	48% below HPI
1998 28 JUL	£54,500	£85,357	36% below HPI

PENRHOS 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 PENRHOS sales between July 1998 and October 2020 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 2012 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the October 2020 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might PENRHOS be worth now?

PENRHOS might now be worth an estimated £243,076.

This is based on house price inflation of 10.5%, between October 2020 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 10.5% inflationary increase is applied to the most recent sale price for PENRHOS of £220,000 on 2nd October 2020. For the value to have increased from £220,000 to £243,076 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of PENRHOS has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2020 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of PENRHOS has not materially changed since October 2020.

How Large is PENRHOS?

PENRHOS is 91m² according to the EPC inspection conducted in July 2020. This puts it in the largest 40% of detached houses houses in Walcott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Walcott, and where PENRHOS lies on this distribution: 67% of detached houses houses are smaller than PENRHOS, and 33% of houses are larger. Note that EPC data is not available for all properties in Walcott.

PENRHOS: Plot and Title Map

PENRHOS sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of PENRHOS, 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 PENRHOS). 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 PENRHOS?

PENRHOS is located on COAST ROAD in WALCOTT, in the NR12 postcode district. The below map shows the position of PENRHOS on COAST ROAD.