RIVER VIEW, MILL ROAD, HORSTEAD, NORWICH, NR12 7AT - £245,000

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

RIVER VIEW is a large extended detached house of 121m², built sometime between 2007 and 2011. It was last sold for £245,000 in June 2014, which was around 4% below the average June 2014 detached price in the Broadland local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

RIVER VIEW Sold Prices

Land registry data shows two sales for RIVER VIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two RIVER VIEW 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
2014 12 JUN	£245,000	£255,022	4% below HPI
2008 14 MAY	£239,995	£252,261	5% below HPI

RIVER VIEW 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 two RIVER VIEW sales from May 2008 and June 2014 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 May 2008 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2014 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is RIVER VIEW?

RIVER VIEW is 121m², which includes two extensions, according to the EPC inspection conducted in December 2021. This puts it in the largest 40% of detached houses in Horstead, based on EPC data. The below chart shows the distribution of detached houses by size in Horstead, and where RIVER VIEW lies on this distribution: 64% of detached houses are smaller than RIVER VIEW, and 36% of houses are larger. Note that EPC data is not available for all properties in Horstead.

RIVER VIEW: Plot and Title Map

RIVER VIEW sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of RIVER VIEW, 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 RIVER VIEW). 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 RIVER VIEW?

RIVER VIEW is located on MILL ROAD in HORSTEAD, in the NR12 postcode district. The below map shows the position of RIVER VIEW on MILL ROAD.