THE HOMESTEAD, THE STREET, BRAMERTON, NORWICH, NR14 7DW - £350,000

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 HOMESTEAD is a large extended detached house of 220m², built sometime between 1900 and 1929. It was last sold for £350,000 in April 2023, which was around 17% below the average April 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was F, and the potential energy rating was D.

THE HOMESTEAD Sold Prices

Land registry data shows two sales for THE HOMESTEAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. One of the two THE HOMESTEAD sales was for below the average price, whilst the other was 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
2023 5 APR	£350,000	£419,668	17% below HPI
2020 17 DEC	£835,000	£363,510	130% above HPI

THE HOMESTEAD 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 two THE HOMESTEAD sales from December 2020 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 December 2020 sale was for 130% above the HPI. So the extrapolation line tracks at 130% above the HPI over time, until the April 2023 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 220m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 40% of detached houses in Bramerton, based on EPC data. The below chart shows the distribution of detached houses by size in Bramerton, and where THE HOMESTEAD lies on this distribution: 66% of detached houses are smaller than THE HOMESTEAD, and 32% of houses are larger. Note that EPC data is not available for all properties in Bramerton.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.553 of an acre, or 2,238m². 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 STREET in BRAMERTON, in the NR14 postcode district. The below map shows the position of THE HOMESTEAD on THE STREET.