REISS LODGE, TOWNHOUSE ROAD, COSTESSEY, NORWICH, NR8 5BY - £245,000

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

REISS LODGE is a small extended detached house of 120m², built sometime between 1950 and 1966. It was last sold for £245,000 in December 2006, which was around 1% above the average December 2006 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

REISS LODGE Sold Prices

Land registry data shows two sales for REISS LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. One of the two REISS LODGE sales was for above the average price, whilst the other was 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
2006 11 DEC	£245,000	£243,509	1% above HPI
2000 21 JAN	£96,500	£103,566	7% below HPI

REISS LODGE 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 two REISS LODGE sales from January 2000 and December 2006 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 January 2000 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2006 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is REISS LODGE?

REISS LODGE is 120m², which includes two extensions, according to the EPC inspection conducted in August 2013. This puts it in the smallest 40% of detached houses in Costessey, based on EPC data. The below chart shows the distribution of detached houses by size in Costessey, and where REISS LODGE lies on this distribution: 37% of detached houses are smaller than REISS LODGE, and 62% of houses are larger. Note that EPC data is not available for all properties in Costessey.

REISS LODGE: Plot and Title Map

REISS LODGE sits on a plot of roughly 0.299 of an acre, or 1,210m². The below map shows the location of REISS 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 REISS 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 REISS LODGE?

REISS LODGE is located on TOWNHOUSE ROAD in COSTESSEY, in the NR8 postcode district. The below map shows the position of REISS LODGE on TOWNHOUSE ROAD.