REEF HOUSE, BACK LANE, BLAKENEY, HOLT, NR25 7NR - £1,700,000

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

REEF HOUSE is a very large extended detached house of 383m², built sometime between 1976 and 1982. It was last sold for £1,700,000 in April 2024, which was around 308% above the average April 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

REEF HOUSE Sold Prices

Land registry data shows four sales for REEF HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four REEF HOUSE 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
2024 2 APR	£1,700,000	£416,687	308% above HPI
2019 5 FEB	£1,225,000	£349,463	251% above HPI
2011 30 JUN	£1,090,000	£238,485	357% above HPI
2008 4 JUL	£1,085,000	£249,732	334% above HPI

REEF HOUSE 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 four REEF HOUSE sales between July 2008 and April 2024 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 2019 sale was for 251% above the HPI. So the extrapolation line tracks at 251% above the HPI over time, until the April 2024 sale, where it rises to 308% above the HPI. The line then continues to track at 308% above the HPI.

How Large is REEF HOUSE?

REEF HOUSE is 383m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 10% of detached houses in Blakeney, based on EPC data. The below chart shows the distribution of detached houses by size in Blakeney, and where REEF HOUSE lies on this distribution: 97% of detached houses are smaller than REEF HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Blakeney.

REEF HOUSE: Plot and Title Map

REEF HOUSE sits on a plot of roughly 0.353 of an acre, or 1,430m². The below map shows the location of REEF HOUSE, 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 REEF HOUSE). 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 REEF HOUSE?

REEF HOUSE is located on BACK LANE in BLAKENEY, in the NR25 postcode district. The below map shows the position of REEF HOUSE on BACK LANE.