THE RED HOUSE, COMMON ROAD, SHELFANGER, DISS, IP22 2DL - £312,500

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 RED HOUSE is a small extended detached house of 128m², built sometime before 1900, which could now be worth an estimated £500,875. It was last sold for £312,500 in July 2014, which was around 14% above the average July 2014 detached price in the South Norfolk local authority area. The most recent EPC inspection was May 2011, where the current energy rating was F, and the potential energy rating was F.

THE RED HOUSE Sold Prices

Land registry data shows two sales for THE RED HOUSE 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. Both of the two THE RED HOUSE 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
2014 11 JUL	£312,500	£274,579	14% above HPI
1995 12 JUL	£110,000	£73,590	49% above HPI

THE RED HOUSE 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 RED HOUSE sales from July 1995 and July 2014 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 July 1995 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the July 2014 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might THE RED HOUSE be worth now?

THE RED HOUSE might now be worth an estimated £500,875.

This is based on house price inflation of 60.3%, between July 2014 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 60.3% inflationary increase is applied to the most recent sale price for THE RED HOUSE of £312,500 on 11th July 2014. For the value to have increased from £312,500 to £500,875 over the eleven years and five months to February 2025, the following assumptions must hold true:

• The value of THE RED HOUSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2014 sale price of £312,500 represented a fair market value for the property.
• The size, condition, and specification of THE RED HOUSE has not materially changed since July 2014.

How Large is THE RED HOUSE?

THE RED HOUSE is 128m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 40% of detached houses houses in Shelfanger, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shelfanger, and where THE RED HOUSE lies on this distribution: 31% of detached houses houses are smaller than THE RED HOUSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Shelfanger.

THE RED HOUSE: Plot and Title Map

THE RED HOUSE sits on a plot of roughly 0.256 of an acre, or 1,034m². The below map shows the location of THE RED HOUSE, 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 RED HOUSE). 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 RED HOUSE?

THE RED HOUSE is located on COMMON ROAD in SHELFANGER, in the IP22 postcode district. The below map shows the position of THE RED HOUSE on COMMON ROAD.