THE RED HOUSE, YARMOUTH ROAD, HALES, NORWICH, NR14 6AB - £320,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE RED HOUSE is a large detached house of 143m², built sometime between 1983 and 1990. It was last sold for £320,000 in June 2016, which was around 7% above the average June 2016 detached price in the South Norfolk local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was C.

THE RED HOUSE Sold Prices

Land registry data shows three sales for THE RED HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the three 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
2016 16 JUN	£320,000	£298,650	7% above HPI
2006 11 AUG	£295,000	£238,890	23% above HPI
1997 5 JUN	£97,000	£79,111	23% 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 three THE RED HOUSE sales between June 1997 and June 2016 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 2006 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the June 2016 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is THE RED HOUSE?

THE RED HOUSE is 143m² according to the EPC inspection conducted in July 2014. This puts it in the largest 40% of detached houses in Hales, based on EPC data. The below chart shows the distribution of detached houses by size in Hales, and where THE RED HOUSE lies on this distribution: 64% of detached houses are smaller than THE RED HOUSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Hales.

THE RED HOUSE: Plot and Title Map

THE RED HOUSE sits on a plot of roughly 0.179 of an acre, or 725m². 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 YARMOUTH ROAD in HALES, in the NR14 postcode district. The below map shows the position of THE RED HOUSE on YARMOUTH ROAD.