THE GATEHOUSE, SCHOOL ROAD, POTTER HEIGHAM, GREAT YARMOUTH, NR29 5LW - £255,000

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 GATEHOUSE is a very small extended detached house of 73m², built sometime between 1930 and 1949. It was last sold for £255,000 in April 2023, which was around 39% below the average April 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2023, where the current energy rating was E, and the potential energy rating was B.

THE GATEHOUSE Sold Prices

Land registry data shows three sales for THE GATEHOUSE 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 GATEHOUSE 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 28 APR	£255,000	£419,279	39% below HPI
2018 31 OCT	£150,000	£353,446	58% below HPI
2018 20 AUG	£156,500	£355,919	56% below HPI

THE GATEHOUSE 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 GATEHOUSE sales between August 2018 and April 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 October 2018 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the April 2023 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is THE GATEHOUSE?

THE GATEHOUSE is 73m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses in Potter Heigham, based on EPC data. The below chart shows the distribution of detached houses by size in Potter Heigham, and where THE GATEHOUSE lies on this distribution: 4% of detached houses are smaller than THE GATEHOUSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Potter Heigham.

THE GATEHOUSE: Plot and Title Map

THE GATEHOUSE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of THE GATEHOUSE, 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 GATEHOUSE). 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 GATEHOUSE?

THE GATEHOUSE is located on SCHOOL ROAD in POTTER HEIGHAM, in the NR29 postcode district. The below map shows the position of THE GATEHOUSE on SCHOOL ROAD.