THE BUNGALOW, HIGH STREET, LUDHAM, GREAT YARMOUTH, NR29 5QQ - £230,000

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 BUNGALOW is a very small detached house of 58m², built sometime between 1900 and 1929. It was last sold for £230,000 in December 2023, which was around 46% below the average December 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

THE BUNGALOW Sold Prices

Land registry data shows three sales for THE BUNGALOW 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 BUNGALOW 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
2023 5 DEC	£230,000	£428,992	46% below HPI
2021 9 SEP	£200,000	£369,836	46% below HPI
2010 25 OCT	£62,000	£246,427	75% below HPI

THE BUNGALOW 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 BUNGALOW sales between October 2010 and December 2023 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 September 2021 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the December 2023 sale, which was also at 46% below the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 58m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% of detached houses in Ludham, based on EPC data. The below chart shows the distribution of detached houses by size in Ludham, and where THE BUNGALOW lies on this distribution: 2% of detached houses are smaller than THE BUNGALOW, and 98% of houses are larger. Note that EPC data is not available for all properties in Ludham.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of THE BUNGALOW, 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 BUNGALOW). 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 BUNGALOW?

THE BUNGALOW is located on HIGH STREET in LUDHAM, in the NR29 postcode district. The below map shows the position of THE BUNGALOW on HIGH STREET.