THIRD ACRE, IRSTEAD ROAD, NEATISHEAD, NORWICH, NR12 8BJ - £497,000

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

THIRD ACRE is a large extended detached house of 199m², built sometime between 1967 and 1975. It was last sold for £497,000 in November 2017, which was around 48% above the average November 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

THIRD ACRE Sold Prices

Land registry data shows two sales for THIRD ACRE 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 THIRD ACRE 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
2017 24 NOV	£497,000	£335,916	48% above HPI
2006 11 AUG	£269,000	£230,390	17% above HPI

THIRD ACRE 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 THIRD ACRE sales from August 2006 and November 2017 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 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2017 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is THIRD ACRE?

THIRD ACRE is 199m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the largest 30% of detached houses in Neatishead, based on EPC data. The below chart shows the distribution of detached houses by size in Neatishead, and where THIRD ACRE lies on this distribution: 71% of detached houses are smaller than THIRD ACRE, and 25% of houses are larger. Note that EPC data is not available for all properties in Neatishead.

THIRD ACRE: Plot and Title Map

THIRD ACRE sits on a plot of roughly 0.301 of an acre, or 1,218m². The below map shows the location of THIRD ACRE, 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 THIRD ACRE). 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 THIRD ACRE?

THIRD ACRE is located on IRSTEAD ROAD in NEATISHEAD, in the NR12 postcode district. The below map shows the position of THIRD ACRE on IRSTEAD ROAD.