THE HOMESTEAD, THE GREEN, STALHAM, NORWICH, NR12 9QB - £455,000

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 HOMESTEAD is a large extended detached house of 124m², built sometime before 1900. It was last sold for £455,000 in December 2022, which was around 7% above the average December 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was D.

THE HOMESTEAD Sold Prices

Land registry data shows six sales for THE HOMESTEAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Most of the six THE HOMESTEAD 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
2022 5 DEC	£455,000	£425,916	7% above HPI
2015 28 AUG	£315,000	£286,328	10% above HPI
2001 2 NOV	£185,000	£131,823	40% above HPI
1998 21 MAY	£120,000	£84,049	43% above HPI
1997 8 JUL	£119,000	£73,957	61% above HPI
1995 27 JAN	£52,000	£79,173	34% below HPI

THE HOMESTEAD 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 six THE HOMESTEAD sales between January 1995 and December 2022 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 2015 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the December 2022 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 124m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 30% of detached houses in Stalham, based on EPC data. The below chart shows the distribution of detached houses by size in Stalham, and where THE HOMESTEAD lies on this distribution: 66% of detached houses are smaller than THE HOMESTEAD, and 29% of houses are larger. Note that EPC data is not available for all properties in Stalham.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.274 of an acre, or 1,108m². The below map shows the location of THE HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

THE HOMESTEAD is located on THE GREEN in STALHAM, in the NR12 postcode district. The below map shows the position of THE HOMESTEAD on THE GREEN.