SOUTHBANK, CHAPEL HILL, WOODTON, BUNGAY, NR35 2NX - £425,000

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

SOUTHBANK is a very small detached house of 88m², built sometime between 1950 and 1966. It was last sold for £425,000 in January 2022, which was around 7% above the average January 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was December 2017, where the current energy rating was E, and the potential energy rating was C.

SOUTHBANK Sold Prices

Land registry data shows two sales for SOUTHBANK 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 SOUTHBANK 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
2022 27 JAN	£425,000	£395,574	7% above HPI
2018 15 MAY	£295,000	£330,718	11% below HPI

SOUTHBANK 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 SOUTHBANK sales from May 2018 and January 2022 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 2018 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2022 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is SOUTHBANK?

SOUTHBANK is 88m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 10% of detached houses in Woodton, based on EPC data. The below chart shows the distribution of detached houses by size in Woodton, and where SOUTHBANK lies on this distribution: 4% of detached houses are smaller than SOUTHBANK, and 94% of houses are larger. Note that EPC data is not available for all properties in Woodton.

SOUTHBANK: Plot and Title Map

SOUTHBANK sits on a plot of roughly 0.308 of an acre, or 1,247m². The below map shows the location of SOUTHBANK, 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 SOUTHBANK). 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 SOUTHBANK?

SOUTHBANK is located on CHAPEL HILL in WOODTON, in the NR35 postcode district. The below map shows the position of SOUTHBANK on CHAPEL HILL.