VERGE HOUSE, NORWICH ROAD, SAXLINGHAM NETHERGATE, NORWICH, NR15 1TP - £445,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

VERGE HOUSE is a very large extended detached house of 224m², built sometime between 2003 and 2006, which could now be worth an estimated £738,467. It was last sold for £445,000 in February 2008, which was around 68% above the average February 2008 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was C.

VERGE HOUSE Sold Prices

Land registry data shows two sales for VERGE HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two VERGE HOUSE 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
2008 8 FEB	£445,000	£265,201	68% above HPI
2002 27 NOV	£320,000	£175,507	82% above HPI

VERGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two VERGE HOUSE sales from November 2002 and February 2008 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 November 2002 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the February 2008 sale, where it falls to 68% above the HPI. The line then continues to track at 68% above the HPI.

What might VERGE HOUSE be worth now?

VERGE HOUSE might now be worth an estimated £738,467.

This is based on house price inflation of 65.9%, between February 2008 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 65.9% inflationary increase is applied to the most recent sale price for VERGE HOUSE of £445,000 on 8th February 2008. For the value to have increased from £445,000 to £738,467 over the seventeen years to February 2025, the following assumptions must hold true:

• The value of VERGE HOUSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The February 2008 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of VERGE HOUSE has not materially changed since February 2008.

How Large is VERGE HOUSE?

VERGE HOUSE is 224m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 20% of detached houses houses in Saxlingham Nethergate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Saxlingham Nethergate, and where VERGE HOUSE lies on this distribution: 89% of detached houses houses are smaller than VERGE HOUSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Saxlingham Nethergate.

VERGE HOUSE: Plot and Title Map

VERGE HOUSE sits on a plot of roughly 0.222 of an acre, or 899m². The below map shows the location of VERGE HOUSE, 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 VERGE HOUSE). 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 VERGE HOUSE?

VERGE HOUSE is located on NORWICH ROAD in SAXLINGHAM NETHERGATE, in the NR15 postcode district. The below map shows the position of VERGE HOUSE on NORWICH ROAD.