THE BEECHES, GREEN LANE WEST, RACKHEATH, NORWICH, NR13 6LT - £124,000

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

THE BEECHES is a midsized detached house of 111m², built sometime between 1967 and 1975. It was last sold for £124,000 in July 2002, which was around 23% below the average July 2002 detached price in the Broadland local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was C.

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 Broadland local authority area for the corresponding sale date. Both of the two THE BEECHES 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
2002 19 JUL	£124,000	£160,832	23% below HPI
2000 9 JUN	£93,000	£106,661	13% below HPI

THE BEECHES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two THE BEECHES sales from June 2000 and July 2002 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 2000 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2002 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is THE BEECHES?

THE BEECHES is 111m² according to the EPC inspection conducted in November 2016. This puts it in the largest 50% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where THE BEECHES lies on this distribution: 50% of detached houses are smaller than THE BEECHES, and 49% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

THE BEECHES: Plot and Title Map

THE BEECHES sits on a plot of roughly 0.100 of an acre, or 406m². 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 WEST in RACKHEATH, in the NR13 postcode district. The below map shows the position of THE BEECHES on GREEN LANE WEST.