THE RISE, NORWICH ROAD, ROUGHTON, NORWICH, NR11 8NA - £510,000

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 RISE is a midsized extended detached house of 127m², built sometime between 1930 and 1949. It was last sold for £510,000 in November 2020, which was around 32% above the average November 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

THE RISE Sold Prices

Land registry data shows four sales for THE RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four THE RISE 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
2020 27 NOV	£510,000	£385,383	32% above HPI
2017 16 AUG	£370,000	£326,061	13% above HPI
2001 11 MAY	£185,000	£117,625	57% above HPI
1997 10 JAN	£97,000	£70,680	37% above HPI

THE RISE 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 four THE RISE sales between January 1997 and November 2020 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 2017 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the November 2020 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is THE RISE?

THE RISE is 127m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of detached houses in Roughton, based on EPC data. The below chart shows the distribution of detached houses by size in Roughton, and where THE RISE lies on this distribution: 53% of detached houses are smaller than THE RISE, and 47% of houses are larger. Note that EPC data is not available for all properties in Roughton.

THE RISE: Plot and Title Map

THE RISE sits on a plot of roughly 1.5 acres, or 6,020m². The below map shows the location of THE RISE, 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 RISE). 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 RISE?

THE RISE is located on NORWICH ROAD in ROUGHTON, in the NR11 postcode district. The below map shows the position of THE RISE on NORWICH ROAD.