THE BEECHES, GREEN LANE, HALES, NORWICH, NR14 6TA - £413,000

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 BEECHES is a large extended detached house of 157m², built sometime before 1900. It was last sold for £413,000 in February 2022, which was around 5% above the average February 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was February 2012, where the current energy rating was E, and the potential energy rating was E.

THE BEECHES Sold Prices

Land registry data shows two sales for THE BEECHES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. One of the two THE BEECHES sales was for above the average price, whilst the other was 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
2022 25 FEB	£413,000	£394,782	5% above HPI
2014 3 JUN	£226,500	£260,087	13% below HPI

THE BEECHES Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two THE BEECHES sales from June 2014 and February 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 June 2014 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2022 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is THE BEECHES?

THE BEECHES is 157m², which includes four extensions, according to the EPC inspection conducted in February 2012. This puts it in the largest 30% of detached houses in Hales, based on EPC data. The below chart shows the distribution of detached houses by size in Hales, and where THE BEECHES lies on this distribution: 75% of detached houses are smaller than THE BEECHES, and 25% of houses are larger. Note that EPC data is not available for all properties in Hales.

THE BEECHES: Plot and Title Map

THE BEECHES sits on a plot of roughly 0.198 of an acre, or 801m². The below map shows the location of THE BEECHES, 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 BEECHES). 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 BEECHES?

THE BEECHES is located on GREEN LANE in HALES, in the NR14 postcode district. The below map shows the position of THE BEECHES on GREEN LANE.