WAYSIDE, PITS LANE, CHEDGRAVE, NORWICH, NR14 6NQ - £200,000

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.

WAYSIDE is a very small extended detached house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £306,767. It was last sold for £200,000 in August 2015, which was around 30% below the average August 2015 detached price in the South Norfolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

WAYSIDE Sold Prices

Land registry data shows two sales for WAYSIDE 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 WAYSIDE 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 7 AUG	£200,000	£286,925	30% below HPI
2003 20 OCT	£42,750	£205,615	79% below HPI

WAYSIDE 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 WAYSIDE sales from October 2003 and August 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 October 2003 sale was for 79% below the HPI. So the extrapolation line tracks at 79% below the HPI over time, until the August 2015 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might WAYSIDE be worth now?

WAYSIDE might now be worth an estimated £306,767.

This is based on house price inflation of 53.4%, between August 2015 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 53.4% inflationary increase is applied to the most recent sale price for WAYSIDE of £200,000 on 7th August 2015. For the value to have increased from £200,000 to £306,767 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of WAYSIDE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The August 2015 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of WAYSIDE has not materially changed since August 2015.

How Large is WAYSIDE?

WAYSIDE is 75m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses houses in Chedgrave, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chedgrave, and where WAYSIDE lies on this distribution: 14% of detached houses houses are smaller than WAYSIDE, and 85% of houses are larger. Note that EPC data is not available for all properties in Chedgrave.

WAYSIDE: Plot and Title Map

WAYSIDE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of WAYSIDE, 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 WAYSIDE). 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 WAYSIDE?

WAYSIDE is located on PITS LANE in CHEDGRAVE, in the NR14 postcode district. The below map shows the position of WAYSIDE on PITS LANE.