SPRINGBANK, MOOR END LANE, STIBBARD, FAKENHAM, NR21 0EJ - £570,000

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

SPRINGBANK is a large extended detached house of 176m², built sometime between 1976 and 1982. It was last sold for £570,000 in January 2023, which was around 32% above the average January 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

SPRINGBANK Sold Prices

Land registry data shows four sales for SPRINGBANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four SPRINGBANK sales were for above 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
2023 25 JAN	£570,000	£432,712	32% above HPI
2020 27 MAY	£542,500	£342,489	58% above HPI
2001 16 MAR	£200,000	£116,820	71% above HPI
1997 26 SEP	£113,000	£75,402	50% above HPI

SPRINGBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The four SPRINGBANK sales between September 1997 and January 2023 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 2020 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the January 2023 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is SPRINGBANK?

SPRINGBANK is 176m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 30% of detached houses in Stibbard, based on EPC data. The below chart shows the distribution of detached houses by size in Stibbard, and where SPRINGBANK lies on this distribution: 72% of detached houses are smaller than SPRINGBANK, and 28% of houses are larger. Note that EPC data is not available for all properties in Stibbard.

SPRINGBANK: Plot and Title Map

SPRINGBANK sits on a plot of roughly 0.192 of an acre, or 777m². The below map shows the location of SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

SPRINGBANK is located on MOOR END LANE in STIBBARD, in the NR21 postcode district. The below map shows the position of SPRINGBANK on MOOR END LANE.