PROSPECT PLACE, LOW ROAD, THURLTON, NORWICH, NR14 6RL - £521,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

PROSPECT PLACE is a very large extended detached house of 160m², built sometime before 1900. It was last sold for £521,000 in January 2022, which was around 32% above the average January 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

PROSPECT PLACE Sold Prices

Land registry data shows three sales for PROSPECT PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the three PROSPECT PLACE 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 21 JAN	£521,000	£395,574	32% above HPI
2014 8 JUL	£346,500	£266,236	30% above HPI
2009 16 MAR	£250,000	£214,979	16% above HPI

PROSPECT PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three PROSPECT PLACE sales between March 2009 and January 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 July 2014 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the January 2022 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is PROSPECT PLACE?

PROSPECT PLACE is 160m², which includes two extensions, according to the EPC inspection conducted in August 2012. This puts it in the largest 10% of detached houses in Thurlton, based on EPC data. The below chart shows the distribution of detached houses by size in Thurlton, and where PROSPECT PLACE lies on this distribution: 92% of detached houses are smaller than PROSPECT PLACE, and 8% of houses are larger. Note that EPC data is not available for all properties in Thurlton.

PROSPECT PLACE: Plot and Title Map

PROSPECT PLACE sits on a plot of roughly 0.316 of an acre, or 1,280m². The below map shows the location of PROSPECT PLACE, 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 PROSPECT PLACE). 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 PROSPECT PLACE?

PROSPECT PLACE is located on LOW ROAD in THURLTON, in the NR14 postcode district. The below map shows the position of PROSPECT PLACE on LOW ROAD.