WATERMEAD, HILL COMMON, HICKLING, NORWICH, NR12 0BT - £725,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

WATERMEAD is a very large extended detached house of 239m², built sometime between 1950 and 1966, which could now be worth an estimated £814,304. It was last sold for £725,000 in April 2021, which was around 93% above the average April 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2010, where the current energy rating was F, and the potential energy rating was D.

WATERMEAD Sold Prices

Land registry data shows two sales for WATERMEAD 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 WATERMEAD 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
2021 21 APR	£725,000	£374,726	93% above HPI
2011 16 SEP	£480,000	£244,206	97% above HPI

WATERMEAD 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 WATERMEAD sales from September 2011 and April 2021 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 September 2011 sale was for 97% above the HPI. So the extrapolation line tracks at 97% above the HPI over time, until the April 2021 sale, where it falls to 93% above the HPI. The line then continues to track at 93% above the HPI.

What might WATERMEAD be worth now?

WATERMEAD might now be worth an estimated £814,304.

This is based on house price inflation of 12.3%, between April 2021 and December 2024, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.3% inflationary increase is applied to the most recent sale price for WATERMEAD of £725,000 on 21st April 2021. For the value to have increased from £725,000 to £814,304 over the two years and four months to December 2024, the following assumptions must hold true:

• The value of WATERMEAD has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The April 2021 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of WATERMEAD has not materially changed since April 2021.

How Large is WATERMEAD?

WATERMEAD is 239m², which includes two extensions, according to the EPC inspection conducted in March 2010. This puts it in the largest 10% of detached houses houses in Hickling, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hickling, and where WATERMEAD lies on this distribution: 93% of detached houses houses are smaller than WATERMEAD, and 7% of houses are larger. Note that EPC data is not available for all properties in Hickling.

WATERMEAD: Plot and Title Map

WATERMEAD sits on a plot of roughly 0.830 of an acre, or 3,358m². The below map shows the location of WATERMEAD, 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 WATERMEAD). 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 WATERMEAD?

WATERMEAD is located on HILL COMMON in HICKLING, in the NR12 postcode district. The below map shows the position of WATERMEAD on HILL COMMON.