THE BAYS, CHAPEL ROAD, THURGARTON, NORWICH, NR11 7NP - £515,000

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

THE BAYS is a large extended detached house of 147m², built sometime between 1950 and 1966. It was last sold for £515,000 in November 2022, which was around 19% above the average November 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

THE BAYS Sold Prices

Land registry data shows two sales for THE BAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two THE BAYS 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
2022 21 NOV	£515,000	£432,068	19% above HPI
2019 15 JAN	£347,500	£343,149	1% above HPI

THE BAYS 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 two THE BAYS sales from January 2019 and November 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 January 2019 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the November 2022 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is THE BAYS?

THE BAYS is 147m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 30% of detached houses in Aldborough, based on EPC data. The below chart shows the distribution of detached houses by size in Aldborough, and where THE BAYS lies on this distribution: 77% of detached houses are smaller than THE BAYS, and 23% of houses are larger. Note that EPC data is not available for all properties in Aldborough.

THE BAYS: Plot and Title Map

THE BAYS sits on a plot of roughly 0.306 of an acre, or 1,237m². The below map shows the location of THE BAYS, 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 BAYS). 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 BAYS?

THE BAYS is located on CHAPEL ROAD in THURGARTON, in the NR11 postcode district. The below map shows the position of THE BAYS on CHAPEL ROAD.