WESTGATE, SANDPIT LANE, THORPE MARKET, NORWICH, NR11 8TJ - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

WESTGATE is a large extended detached house of 152m², built sometime between 1983 and 1990. It was last sold for £325,000 in April 2019, which was around 5% below the average April 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

WESTGATE Sold Prices

Land registry data shows three sales for WESTGATE 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. One of the three WESTGATE sales was for below the average price, whilst two 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
2019 26 APR	£325,000	£342,994	5% below HPI
2007 17 AUG	£285,000	£251,809	13% above HPI
2003 9 JUL	£182,500	£176,502	3% above HPI

WESTGATE 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 WESTGATE sales between July 2003 and April 2019 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 August 2007 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the April 2019 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is WESTGATE?

WESTGATE is 152m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the largest 20% of detached houses in Thorpe Market, based on EPC data. The below chart shows the distribution of detached houses by size in Thorpe Market, and where WESTGATE lies on this distribution: 78% of detached houses are smaller than WESTGATE, and 19% of houses are larger. Note that EPC data is not available for all properties in Thorpe Market.

WESTGATE: Plot and Title Map

WESTGATE sits on a plot of roughly 0.289 of an acre, or 1,169m². The below map shows the location of WESTGATE, 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 WESTGATE). 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 WESTGATE?

WESTGATE is located on SANDPIT LANE in THORPE MARKET, in the NR11 postcode district. The below map shows the position of WESTGATE on SANDPIT LANE.