THE OLD SMITHY, GREEN LANE, POTTER HEIGHAM, GREAT YARMOUTH, NR29 5LU - £350,000

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 SMITHY is a small extended detached house of 94m², built sometime before 1900, which could now be worth an estimated £471,299. It was last sold for £350,000 in April 2017, which was around 9% above the average April 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2016, where the current energy rating was F, and the potential energy rating was A.

THE OLD SMITHY Sold Prices

Land registry data shows two sales for THE OLD SMITHY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. One of the two THE OLD SMITHY sales was for above 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
2017 20 APR	£350,000	£319,937	9% above HPI
1996 8 NOV	£72,500	£72,523	Close to HPI

THE OLD SMITHY 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 two THE OLD SMITHY sales from November 1996 and April 2017 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 November 1996 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the April 2017 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might THE OLD SMITHY be worth now?

THE OLD SMITHY might now be worth an estimated £471,299.

This is based on house price inflation of 34.7%, between April 2017 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 34.7% inflationary increase is applied to the most recent sale price for THE OLD SMITHY of £350,000 on 20th April 2017. For the value to have increased from £350,000 to £471,299 over the eight years and two months to February 2025, the following assumptions must hold true:

• The value of THE OLD SMITHY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The April 2017 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD SMITHY has not materially changed since April 2017.

How Large is THE OLD SMITHY?

THE OLD SMITHY is 94m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the smallest 30% of detached houses houses in Potter Heigham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Potter Heigham, and where THE OLD SMITHY lies on this distribution: 28% of detached houses houses are smaller than THE OLD SMITHY, and 71% of houses are larger. Note that EPC data is not available for all properties in Potter Heigham.

THE OLD SMITHY: Plot and Title Map

THE OLD SMITHY sits on a plot of roughly 0.172 of an acre, or 695m². The below map shows the location of THE OLD SMITHY, 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 SMITHY). 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 SMITHY?

THE OLD SMITHY is located on GREEN LANE in POTTER HEIGHAM, in the NR29 postcode district. The below map shows the position of THE OLD SMITHY on GREEN LANE.