THE WILLOWS, NORTH WALSHAM ROAD, BACTON, NORWICH, NR12 0LN - £163,500

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 WILLOWS is a very small extended detached house of 62m², built sometime between 1930 and 1949. It was last sold for £163,500 in November 2015, which was around 46% below the average November 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

THE WILLOWS Sold Prices

Land registry data shows two sales for THE WILLOWS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two THE WILLOWS 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
2015 6 NOV	£163,500	£301,002	46% below HPI
2004 16 JAN	£100,000	£194,693	49% below HPI

THE WILLOWS 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 two THE WILLOWS sales from January 2004 and November 2015 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 January 2004 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the November 2015 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is THE WILLOWS?

THE WILLOWS is 62m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% of detached houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses by size in Bacton, and where THE WILLOWS lies on this distribution: 4% of detached houses are smaller than THE WILLOWS, and 93% of houses are larger. Note that EPC data is not available for all properties in Bacton.

THE WILLOWS: Plot and Title Map

THE WILLOWS sits on a plot of roughly 0.149 of an acre, or 605m². The below map shows the location of THE WILLOWS, 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 WILLOWS). 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 WILLOWS?

THE WILLOWS is located on NORTH WALSHAM ROAD in BACTON, in the NR12 postcode district. The below map shows the position of THE WILLOWS on NORTH WALSHAM ROAD.