THE BUNGALOW, SCHOOL ROAD, LUDHAM, GREAT YARMOUTH, NR29 5QN - £223,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE BUNGALOW is a small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £275,438. It was last sold for £223,000 in March 2018, which was around 35% below the average March 2018 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was C.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW 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 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
2018 16 MAR	£223,000	£342,891	35% below HPI
2017 2 NOV	£223,000	£339,168	34% 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 two THE BUNGALOW sales from November 2017 and March 2018 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 November 2017 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might THE BUNGALOW be worth now?

THE BUNGALOW might now be worth an estimated £275,438.

This is based on house price inflation of 23.5%, between March 2018 and March 2025, 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 23.5% inflationary increase is applied to the most recent sale price for THE BUNGALOW of £223,000 on 16th March 2018. For the value to have increased from £223,000 to £275,438 over the seven years to March 2025, the following assumptions must hold true:

• The value of THE BUNGALOW has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The March 2018 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of THE BUNGALOW has not materially changed since March 2018.

How Large is THE BUNGALOW?

THE BUNGALOW is 84m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of detached houses houses in Ludham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ludham, and where THE BUNGALOW lies on this distribution: 26% of detached houses houses are smaller than THE BUNGALOW, and 72% 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 0.173 of an acre, or 701m². 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 SCHOOL ROAD in LUDHAM, in the NR29 postcode district. The below map shows the position of THE BUNGALOW on SCHOOL ROAD.