PETRA, POST OFFICE ROAD, LITTLE PLUMSTEAD, NORWICH, NR13 5AD - £375,000

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.

PETRA is a very small extended detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £380,696. It was last sold for £375,000 in April 2023, which was around 10% below the average April 2023 detached price in the Broadland local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

PETRA Sold Prices

Land registry data shows three sales for PETRA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three PETRA 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
2023 14 APR	£375,000	£417,209	10% below HPI
2002 19 JUL	£132,500	£162,444	18% below HPI
1998 28 JAN	£79,450	£81,599	3% below HPI

PETRA 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 three PETRA sales between January 1998 and April 2023 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 July 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might PETRA be worth now?

PETRA might now be worth an estimated £380,696.

This is based on house price inflation of 1.5%, between April 2023 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.5% inflationary increase is applied to the most recent sale price for PETRA of £375,000 on 14th April 2023. For the value to have increased from £375,000 to £380,696 over the two years and two months to February 2025, the following assumptions must hold true:

• The value of PETRA has moved in line with the HPI for detached houses in the Broadland local authority area.
• The April 2023 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of PETRA has not materially changed since April 2023.

How Large is PETRA?

PETRA is 70m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% of detached houses houses in Little Plumstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Little Plumstead, and where PETRA lies on this distribution: 3% of detached houses houses are smaller than PETRA, and 97% of houses are larger. Note that EPC data is not available for all properties in Little Plumstead.

PETRA: Plot and Title Map

PETRA sits on a plot of roughly 0.095 of an acre, or 384m². The below map shows the location of PETRA, 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 PETRA). 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 PETRA?

PETRA is located on POST OFFICE ROAD in LITTLE PLUMSTEAD, in the NR13 postcode district. The below map shows the position of PETRA on POST OFFICE ROAD.