THE FIRS, HIGH STREET, LUDHAM, GREAT YARMOUTH, NR29 5QQ - £585,000

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 FIRS is a very large detached house of 156m², built sometime before 1900, which could now be worth an estimated £625,822. It was last sold for £585,000 in November 2021, which was around 45% above the average November 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2021, where the current energy rating was E, and the potential energy rating was A.

THE FIRS Sold Prices

Land registry data shows three sales for THE FIRS 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 FIRS sales were for above 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 5 NOV	£585,000	£402,715	45% above HPI
2000 18 APR	£180,000	£102,893	75% above HPI
1996 8 NOV	£105,000	£72,523	45% above HPI

THE FIRS 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 FIRS sales between November 1996 and November 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 April 2000 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the November 2021 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might THE FIRS be worth now?

THE FIRS might now be worth an estimated £625,822.

This is based on house price inflation of 7%, between November 2021 and February 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 7% inflationary increase is applied to the most recent sale price for THE FIRS of £585,000 on 5th November 2021. For the value to have increased from £585,000 to £625,822 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of THE FIRS has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2021 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of THE FIRS has not materially changed since November 2021.

How Large is THE FIRS?

THE FIRS is 156m² according to the EPC inspection conducted in August 2021. 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 FIRS lies on this distribution: 80% of detached houses houses are smaller than THE FIRS, and 20% of houses are larger. Note that EPC data is not available for all properties in Ludham.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.166 of an acre, or 670m². The below map shows the location of THE FIRS, 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 FIRS). 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 FIRS?

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