SOUTHBAYS, WELL LOKE, NORWICH, NR3 2SP - £203,000

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

SOUTHBAYS is a large detached house of 127m², built sometime between 1930 and 1949. It was last sold for £203,000 in May 2014, which was around 30% below the average May 2014 detached price in the Norwich local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

SOUTHBAYS Sold Prices

Land registry data shows two sales for SOUTHBAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two SOUTHBAYS 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 21 MAY	£203,000	£291,256	30% below HPI
2007 29 JUN	£175,000	£279,897	37% below HPI

SOUTHBAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two SOUTHBAYS sales from June 2007 and May 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 June 2007 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2014 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is SOUTHBAYS?

SOUTHBAYS is 127m² according to the EPC inspection conducted in June 2014. This puts it in the largest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where SOUTHBAYS lies on this distribution: 68% of detached houses are smaller than SOUTHBAYS, and 31% of houses are larger. Note that EPC data is not available for all properties in Norwich.

SOUTHBAYS: Plot and Title Map

SOUTHBAYS sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of SOUTHBAYS, 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 SOUTHBAYS). 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 SOUTHBAYS?

SOUTHBAYS is located on WELL LOKE in NORWICH, in the NR3 postcode district. The below map shows the position of SOUTHBAYS on WELL LOKE.