THE ESTABLISHMENT, TRIPLE PLEA ROAD, WOODTON, BUNGAY, NR35 2NS - £342,000

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 ESTABLISHMENT is a very large extended detached house of 162m², built sometime between 1930 and 1949. It was last sold for £342,000 in September 2017, which was around 5% above the average September 2017 detached price in the South Norfolk local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

THE ESTABLISHMENT Sold Prices

Land registry data shows three sales for THE ESTABLISHMENT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. One of the three THE ESTABLISHMENT sales was for above the average price, whilst two 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
2017 22 SEP	£342,000	£326,716	5% above HPI
2010 23 AUG	£235,000	£243,141	3% below HPI
2005 7 OCT	£220,000	£226,894	3% below HPI

THE ESTABLISHMENT 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 three THE ESTABLISHMENT sales between October 2005 and September 2017 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 August 2010 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2017 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is THE ESTABLISHMENT?

THE ESTABLISHMENT is 162m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 20% of detached houses in Woodton, based on EPC data. The below chart shows the distribution of detached houses by size in Woodton, and where THE ESTABLISHMENT lies on this distribution: 85% of detached houses are smaller than THE ESTABLISHMENT, and 15% of houses are larger. Note that EPC data is not available for all properties in Woodton.

THE ESTABLISHMENT: Plot and Title Map

THE ESTABLISHMENT sits on a plot of roughly 0.267 of an acre, or 1,079m². The below map shows the location of THE ESTABLISHMENT, 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 ESTABLISHMENT). 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 ESTABLISHMENT?

THE ESTABLISHMENT is located on TRIPLE PLEA ROAD in WOODTON, in the NR35 postcode district. The below map shows the position of THE ESTABLISHMENT on TRIPLE PLEA ROAD.