THE GRANARY, SPENCERS CLOSE, NORTH ELMHAM, DEREHAM, NR20 5HX - £230,000

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 GRANARY is a small detached house of 91m², built sometime between 1996 and 2002. It was last sold for £230,000 in December 2019, which was around 22% below the average December 2019 detached price in the Breckland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was C.

THE GRANARY Sold Prices

Land registry data shows two sales for THE GRANARY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. One of the two THE GRANARY sales was for below the average price, whilst the other was roughly equal to 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
2019 13 DEC	£230,000	£296,235	22% below HPI
1998 21 SEP	£79,500	£79,160	Close to HPI

THE GRANARY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two THE GRANARY sales from September 1998 and December 2019 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 September 1998 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the December 2019 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is THE GRANARY?

THE GRANARY is 91m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 30% of detached houses in North Elmham, based on EPC data. The below chart shows the distribution of detached houses by size in North Elmham, and where THE GRANARY lies on this distribution: 28% of detached houses are smaller than THE GRANARY, and 72% of houses are larger. Note that EPC data is not available for all properties in North Elmham.

THE GRANARY: Plot and Title Map

THE GRANARY sits on a plot of roughly 0.084 of an acre, or 342m². The below map shows the location of THE GRANARY, 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 GRANARY). 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 GRANARY?

THE GRANARY is located on SPENCERS CLOSE in NORTH ELMHAM, in the NR20 postcode district. The below map shows the position of THE GRANARY on SPENCERS CLOSE.