RED LODGE, HARGHAM ROAD, SHROPHAM, ATTLEBOROUGH, NR17 1DS - £580,000

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.

RED LODGE is a large extended detached house of 161m², built sometime between 1976 and 1982, which could now be worth an estimated £824,239. It was last sold for £580,000 in April 2016, which was around 121% above the average April 2016 detached price in the Breckland local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was D.

RED LODGE Sold Prices

Land registry data shows three sales for RED LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three RED LODGE 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 5 APR	£580,000	£262,288	121% above HPI
2011 1 SEP	£527,000	£212,698	148% above HPI
2006 16 NOV	£472,500	£217,447	117% above HPI

RED LODGE 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 three RED LODGE sales between November 2006 and April 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 September 2011 sale was for 148% above the HPI. So the extrapolation line tracks at 148% above the HPI over time, until the April 2016 sale, where it falls to 121% above the HPI. The line then continues to track at 121% above the HPI.

What might RED LODGE be worth now?

RED LODGE might now be worth an estimated £824,239.

This is based on house price inflation of 42.1%, between April 2016 and March 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 42.1% inflationary increase is applied to the most recent sale price for RED LODGE of £580,000 on 5th April 2016. For the value to have increased from £580,000 to £824,239 over the nine years and one month to March 2025, the following assumptions must hold true:

• The value of RED LODGE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The April 2016 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of RED LODGE has not materially changed since April 2016.

How Large is RED LODGE?

RED LODGE is 161m², which includes two extensions, according to the EPC inspection conducted in April 2011. This puts it in the largest 30% of detached houses houses in Shropham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shropham, and where RED LODGE lies on this distribution: 75% of detached houses houses are smaller than RED LODGE, and 25% of houses are larger. Note that EPC data is not available for all properties in Shropham.

RED LODGE: Plot and Title Map

RED LODGE sits on a plot of roughly 0.761 of an acre, or 3,079m². The below map shows the location of RED LODGE, 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 RED LODGE). 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 RED LODGE?

RED LODGE is located on HARGHAM ROAD in SHROPHAM, in the NR17 postcode district. The below map shows the position of RED LODGE on HARGHAM ROAD.