TIMBER LODGE, HELENA ROAD, WALCOTT, NORWICH, NR12 0LX - £250,000

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

TIMBER LODGE is a midsized extended detached house of 84m², built sometime between 1950 and 1966. It was last sold for £250,000 in October 2023, which was around 43% below the average October 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2019, where the current energy rating was F, and the potential energy rating was D.

TIMBER LODGE Sold Prices

Land registry data shows three sales for TIMBER LODGE 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 TIMBER LODGE 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
2023 2 OCT	£250,000	£437,284	43% below HPI
2019 25 JUL	£180,000	£351,903	49% below HPI
2001 9 FEB	£40,000	£114,655	65% below HPI

TIMBER LODGE 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 TIMBER LODGE sales between February 2001 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 July 2019 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the October 2023 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is TIMBER LODGE?

TIMBER LODGE is 84m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the largest 50% of detached houses in Walcott, based on EPC data. The below chart shows the distribution of detached houses by size in Walcott, and where TIMBER LODGE lies on this distribution: 55% of detached houses are smaller than TIMBER LODGE, and 43% of houses are larger. Note that EPC data is not available for all properties in Walcott.

TIMBER LODGE: Plot and Title Map

TIMBER LODGE sits on a plot of roughly 0.091 of an acre, or 366m². The below map shows the location of TIMBER LODGE, 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 TIMBER LODGE). 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 TIMBER LODGE?

TIMBER LODGE is located on HELENA ROAD in WALCOTT, in the NR12 postcode district. The below map shows the position of TIMBER LODGE on HELENA ROAD.