THE OLD CHAPEL BUNGALOW, MARKET STREET, TUNSTEAD, NORWICH, NR12 8RB - £200,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE OLD CHAPEL BUNGALOW is a very small detached house of 43m², built sometime between 1991 and 1995, which could now be worth an estimated £192,378. It was last sold for £200,000 in September 2022, which was around 55% below the average September 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2022, where the current energy rating was E, and the potential energy rating was B.

THE OLD CHAPEL BUNGALOW Sold Prices

Land registry data shows six sales for THE OLD CHAPEL BUNGALOW 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. All of the six THE OLD CHAPEL BUNGALOW 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
2022 30 SEP	£200,000	£447,885	55% below HPI
2017 28 APR	£150,000	£319,937	53% below HPI
2013 11 JAN	£115,000	£249,723	54% below HPI
2000 31 AUG	£56,000	£108,559	48% below HPI
1999 6 DEC	£47,500	£95,601	50% below HPI
1995 31 MAR	£37,000	£72,175	49% below HPI

THE OLD CHAPEL BUNGALOW 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 OLD CHAPEL BUNGALOW sales between March 1995 and September 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 April 2017 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the September 2022 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

What might THE OLD CHAPEL BUNGALOW be worth now?

THE OLD CHAPEL BUNGALOW might now be worth an estimated £192,378.

This is based on house price deflation of 3.8%, between September 2022 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.8% deflationary decrease is applied to the most recent sale price for THE OLD CHAPEL BUNGALOW of £200,000 on 30th September 2022. For the value to have decreased from £200,000 to £192,378 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of THE OLD CHAPEL BUNGALOW has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The September 2022 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD CHAPEL BUNGALOW has not materially changed since September 2022.

How Large is THE OLD CHAPEL BUNGALOW?

THE OLD CHAPEL BUNGALOW is 43m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses houses in Tunstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tunstead, and where THE OLD CHAPEL BUNGALOW lies on this distribution: Less than 1% of detached houses houses are smaller than THE OLD CHAPEL BUNGALOW, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Tunstead.

THE OLD CHAPEL BUNGALOW: Plot and Title Map

THE OLD CHAPEL BUNGALOW sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of THE OLD CHAPEL BUNGALOW, 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 OLD CHAPEL BUNGALOW). 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 OLD CHAPEL BUNGALOW?

THE OLD CHAPEL BUNGALOW is located on MARKET STREET in TUNSTEAD, in the NR12 postcode district. The below map shows the position of THE OLD CHAPEL BUNGALOW on MARKET STREET.