THE ARK, THE STREET, ERPINGHAM, NORWICH, NR11 7QB - £1,050,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE ARK is a very large extended detached house of 297m², built sometime before 1900, which could now be worth an estimated £1,032,417. It was last sold for £1,050,000 in August 2024, which was around 145% above the average August 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2022, where the current energy rating was B, and the potential energy rating was A.

THE ARK Sold Prices

Land registry data shows three sales for THE ARK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three THE ARK 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
2024 16 AUG	£1,050,000	£428,052	145% above HPI
2020 14 AUG	£570,000	£356,899	60% above HPI
2004 29 JUL	£387,000	£211,338	83% above HPI

THE ARK 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 three THE ARK sales between July 2004 and August 2024 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 August 2020 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the August 2024 sale, where it rises to 145% above the HPI. The line then continues to track at 145% above the HPI.

What might THE ARK be worth now?

THE ARK might now be worth an estimated £1,032,417.

This is based on house price deflation of 1.7%, between August 2024 and December 2024, 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 1.7% deflationary decrease is applied to the most recent sale price for THE ARK of £1,050,000 on 16th August 2024. For the value to have decreased from £1,050,000 to £1,032,417 over the eight months to December 2024, the following assumptions must hold true:

• The value of THE ARK has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The August 2024 sale price of £1,050,000 represented a fair market value for the property.
• The size, condition, and specification of THE ARK has not materially changed since August 2024.

How Large is THE ARK?

THE ARK is 297m², which includes three extensions, according to the EPC inspection conducted in October 2022. This puts it in the largest 10% of detached houses houses in Erpingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Erpingham, and where THE ARK lies on this distribution: 98% of detached houses houses are smaller than THE ARK, and 2% of houses are larger. Note that EPC data is not available for all properties in Erpingham.

THE ARK: Plot and Title Map

THE ARK sits on a plot of roughly 1.3 acres, or 5,375m². The below map shows the location of THE ARK, 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 THE ARK). 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 THE ARK?

THE ARK is located on THE STREET in ERPINGHAM, in the NR11 postcode district. The below map shows the position of THE ARK on THE STREET.