THE ORCHARD, REEVES CORNER, GREAT PLUMSTEAD, NORWICH, NR13 5BY - £380,000

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 ORCHARD is a small extended detached house of 87m², built sometime between 1950 and 1966, which could now be worth an estimated £389,780. It was last sold for £380,000 in June 2022, which was around 8% below the average June 2022 detached price in the Broadland local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was C.

THE ORCHARD Sold Prices

Land registry data shows three sales for THE ORCHARD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three THE ORCHARD 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 7 JUN	£380,000	£412,919	8% below HPI
2008 17 OCT	£220,000	£231,955	5% below HPI
2005 22 JUN	£191,000	£219,252	13% below HPI

THE ORCHARD 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 three THE ORCHARD sales between June 2005 and June 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 October 2008 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2022 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might THE ORCHARD be worth now?

THE ORCHARD might now be worth an estimated £389,780.

This is based on house price inflation of 2.6%, between June 2022 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 2.6% inflationary increase is applied to the most recent sale price for THE ORCHARD of £380,000 on 7th June 2022. For the value to have increased from £380,000 to £389,780 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of THE ORCHARD has moved in line with the HPI for detached houses in the Broadland local authority area.
• The June 2022 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of THE ORCHARD has not materially changed since June 2022.

How Large is THE ORCHARD?

THE ORCHARD is 87m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% of detached houses houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rackheath, and where THE ORCHARD lies on this distribution: 20% of detached houses houses are smaller than THE ORCHARD, and 78% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

THE ORCHARD: Plot and Title Map

THE ORCHARD sits on a plot of roughly 0.361 of an acre, or 1,460m². The below map shows the location of THE ORCHARD, 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 ORCHARD). 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 ORCHARD?

THE ORCHARD is located on REEVES CORNER in GREAT PLUMSTEAD, in the NR13 postcode district. The below map shows the position of THE ORCHARD on REEVES CORNER.