THE ELMS, NORWICH ROAD, LUDHAM, GREAT YARMOUTH, NR29 5QD - £382,500

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 ELMS is a very large extended detached house of 158m², built sometime between 1950 and 1966, which could now be worth an estimated £427,016. It was last sold for £382,500 in February 2021, which was around 1% above the average February 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

THE ELMS Sold Prices

Land registry data shows two sales for THE ELMS 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. One of the two THE ELMS 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
2021 19 FEB	£382,500	£379,369	1% above HPI
2013 5 JUL	£177,000	£250,494	29% below HPI

THE ELMS 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 ELMS sales from July 2013 and February 2021 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 July 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might THE ELMS be worth now?

THE ELMS might now be worth an estimated £427,016.

This is based on house price inflation of 11.6%, between February 2021 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 11.6% inflationary increase is applied to the most recent sale price for THE ELMS of £382,500 on 19th February 2021. For the value to have increased from £382,500 to £427,016 over the three years and eleven months to March 2025, the following assumptions must hold true:

• The value of THE ELMS has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2021 sale price of £382,500 represented a fair market value for the property.
• The size, condition, and specification of THE ELMS has not materially changed since February 2021.

How Large is THE ELMS?

THE ELMS is 158m², which includes two extensions, according to the EPC inspection conducted in February 2012. This puts it in the largest 20% 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 ELMS lies on this distribution: 81% of detached houses houses are smaller than THE ELMS, and 19% of houses are larger. Note that EPC data is not available for all properties in Ludham.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.153 of an acre, or 620m². The below map shows the location of THE ELMS, 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 ELMS). 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 ELMS?

THE ELMS is located on NORWICH ROAD in LUDHAM, in the NR29 postcode district. The below map shows the position of THE ELMS on NORWICH ROAD.