SOMERVILLE, DEREHAM ROAD, REEPHAM, NORWICH, NR10 4LA - £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

SOMERVILLE is a small detached house of 98m², built sometime between 1976 and 1982. It was last sold for £245,000 in August 2016, which was around 22% below the average August 2016 detached price in the Broadland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

SOMERVILLE Sold Prices

Land registry data shows two sales for SOMERVILLE 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 SOMERVILLE 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
2016 19 AUG	£245,000	£314,083	22% below HPI
2006 3 MAR	£177,000	£220,904	20% below HPI

SOMERVILLE 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 SOMERVILLE sales from March 2006 and August 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 March 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2016 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is SOMERVILLE?

SOMERVILLE is 98m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 40% of detached houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses by size in Reepham, and where SOMERVILLE lies on this distribution: 37% of detached houses are smaller than SOMERVILLE, and 62% of houses are larger. Note that EPC data is not available for all properties in Reepham.

SOMERVILLE: Plot and Title Map

SOMERVILLE sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of SOMERVILLE, 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 SOMERVILLE). 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 SOMERVILLE?

SOMERVILLE is located on DEREHAM ROAD in REEPHAM, in the NR10 postcode district. The below map shows the position of SOMERVILLE on DEREHAM ROAD.