WEAVERS EDGE, CHEQUERS STREET, EAST RUSTON, NORWICH, NR12 9JT - £325,000

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

WEAVERS EDGE is a midsized extended detached house of 133m², built sometime between 1950 and 1966. It was last sold for £325,000 in January 2020, which was around 8% below the average January 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

WEAVERS EDGE Sold Prices

Land registry data shows five sales for WEAVERS EDGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Most of the five WEAVERS EDGE 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
2020 29 JAN	£325,000	£351,881	8% below HPI
2011 12 JUL	£215,000	£242,322	11% below HPI
2003 13 JUN	£192,000	£166,421	15% above HPI
2002 24 JUL	£132,000	£156,189	15% below HPI
1999 29 JUN	£62,000	£85,272	27% below HPI

WEAVERS EDGE 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 five WEAVERS EDGE sales between June 1999 and January 2020 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 2011 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2020 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is WEAVERS EDGE?

WEAVERS EDGE is 133m², which includes two extensions, according to the EPC inspection conducted in April 2010. This puts it in the smallest 50% of detached houses in East Ruston, based on EPC data. The below chart shows the distribution of detached houses by size in East Ruston, and where WEAVERS EDGE lies on this distribution: 47% of detached houses are smaller than WEAVERS EDGE, and 53% of houses are larger. Note that EPC data is not available for all properties in East Ruston.

WEAVERS EDGE: Plot and Title Map

WEAVERS EDGE sits on a plot of roughly 0.426 of an acre, or 1,725m². The below map shows the location of WEAVERS EDGE, 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 WEAVERS EDGE). 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 WEAVERS EDGE?

WEAVERS EDGE is located on CHEQUERS STREET in EAST RUSTON, in the NR12 postcode district. The below map shows the position of WEAVERS EDGE on CHEQUERS STREET.