TERRANN, HELENA ROAD, WALCOTT, NORWICH, NR12 0LX - £150,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

TERRANN is a very small detached house of 56m², built sometime between 1991 and 1995, which could now be worth an estimated £260,251. It was last sold for £150,000 in May 2008, which was around 40% below the average May 2008 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

TERRANN Sold Prices

Land registry data shows six sales for TERRANN since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the six TERRANN 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
2008 19 MAY	£150,000	£248,309	40% below HPI
2004 22 JUL	£142,000	£211,338	33% below HPI
2002 3 MAY	£77,500	£148,472	48% below HPI
1999 24 SEP	£60,000	£95,732	37% below HPI
1999 30 JUN	£55,000	£86,097	36% below HPI
1997 31 OCT	£40,000	£78,754	49% below HPI

TERRANN 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 six TERRANN sales between October 1997 and May 2008 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 July 2004 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2008 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might TERRANN be worth now?

TERRANN might now be worth an estimated £260,251.

This is based on house price inflation of 73.5%, between May 2008 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 73.5% inflationary increase is applied to the most recent sale price for TERRANN of £150,000 on 19th May 2008. For the value to have increased from £150,000 to £260,251 over the seventeen years and three months to February 2025, the following assumptions must hold true:

• The value of TERRANN has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The May 2008 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of TERRANN has not materially changed since May 2008.

How Large is TERRANN?

TERRANN is 56m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of detached houses houses in Walcott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Walcott, and where TERRANN lies on this distribution: 11% of detached houses houses are smaller than TERRANN, and 89% of houses are larger. Note that EPC data is not available for all properties in Walcott.

TERRANN: Plot and Title Map

TERRANN sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of TERRANN, 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 TERRANN). 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 TERRANN?

TERRANN is located on HELENA ROAD in WALCOTT, in the NR12 postcode district. The below map shows the position of TERRANN on HELENA ROAD.