THE OAKS, BUCKENHAM ROAD, STRUMPSHAW, NORWICH, NR13 4NP - £420,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE OAKS is a large detached house of 172m², built sometime between 1983 and 1990, which could now be worth an estimated £776,755. It was last sold for £420,000 in March 2011, which was around 83% above the average March 2011 detached price in the Broadland local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was D.

THE OAKS Sold Prices

Land registry data shows two sales for THE OAKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two THE OAKS 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
2011 31 MAR	£420,000	£229,016	83% above HPI
2004 25 AUG	£350,000	£217,588	61% above HPI

THE OAKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two THE OAKS sales from August 2004 and March 2011 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 2004 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the March 2011 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might THE OAKS be worth now?

THE OAKS might now be worth an estimated £776,755.

This is based on house price inflation of 84.9%, between March 2011 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 84.9% inflationary increase is applied to the most recent sale price for THE OAKS of £420,000 on 31st March 2011. For the value to have increased from £420,000 to £776,755 over the fourteen years and one month to February 2025, the following assumptions must hold true:

• The value of THE OAKS has moved in line with the HPI for detached houses in the Broadland local authority area.
• The March 2011 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of THE OAKS has not materially changed since March 2011.

How Large is THE OAKS?

THE OAKS is 172m² according to the EPC inspection conducted in February 2011. This puts it in the largest 40% of detached houses houses in Strumpshaw, based on EPC data. The below chart shows the distribution of detached houses houses by size in Strumpshaw, and where THE OAKS lies on this distribution: 62% of detached houses houses are smaller than THE OAKS, and 38% of houses are larger. Note that EPC data is not available for all properties in Strumpshaw.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 1.1 acres, or 4,612m². The below map shows the location of THE OAKS, 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 OAKS). 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 OAKS?

THE OAKS is located on BUCKENHAM ROAD in STRUMPSHAW, in the NR13 postcode district. The below map shows the position of THE OAKS on BUCKENHAM ROAD.