THE SMITHY, HONING ROAD, DILHAM, NORTH WALSHAM, NR28 9PR - £875,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE SMITHY is a very large extended detached house of 241m², built sometime before 1900. It was last sold for £875,000 in October 2023, which was around 100% above the average October 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2017, where the current energy rating was F, and the potential energy rating was D.

THE SMITHY Sold Prices

Land registry data shows three sales for THE SMITHY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three THE SMITHY 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
2023 23 OCT	£875,000	£437,284	100% above HPI
2017 23 OCT	£550,000	£335,936	64% above HPI
2002 27 MAR	£350,000	£140,541	149% above HPI

THE 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 three THE SMITHY sales between March 2002 and October 2023 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 2017 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the October 2023 sale, where it rises to 100% above the HPI. The line then continues to track at 100% above the HPI.

How Large is THE SMITHY?

THE SMITHY is 241m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the largest 10% of detached houses in Dilham, based on EPC data. The below chart shows the distribution of detached houses by size in Dilham, and where THE SMITHY lies on this distribution: More than 99% of detached houses are smaller than THE SMITHY, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Dilham.

THE SMITHY: Plot and Title Map

THE SMITHY sits on a plot of roughly 1.4 acres, or 5,766m². The below map shows the location of THE 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 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 SMITHY?

THE SMITHY is located on HONING ROAD in DILHAM, in the NR28 postcode district. The below map shows the position of THE SMITHY on HONING ROAD.