WHEATFIELDS, HEYWOOD ROAD, SHELFANGER, DISS, IP22 2DJ - £275,000

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.

WHEATFIELDS is a very small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £318,512. It was last sold for £275,000 in May 2021, which was around 28% below the average May 2021 detached price in the South Norfolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was C.

WHEATFIELDS Sold Prices

Land registry data shows three sales for WHEATFIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the three WHEATFIELDS 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
2021 21 MAY	£275,000	£379,973	28% below HPI
1996 24 MAY	£71,000	£72,260	2% below HPI
1995 31 MAR	£69,500	£75,689	8% below HPI

WHEATFIELDS 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 three WHEATFIELDS sales between March 1995 and May 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 May 1996 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might WHEATFIELDS be worth now?

WHEATFIELDS might now be worth an estimated £318,512.

This is based on house price inflation of 15.8%, between May 2021 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 15.8% inflationary increase is applied to the most recent sale price for WHEATFIELDS of £275,000 on 21st May 2021. For the value to have increased from £275,000 to £318,512 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of WHEATFIELDS has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The May 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of WHEATFIELDS has not materially changed since May 2021.

How Large is WHEATFIELDS?

WHEATFIELDS is 84m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of detached houses houses in Shelfanger, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shelfanger, and where WHEATFIELDS lies on this distribution: 8% of detached houses houses are smaller than WHEATFIELDS, and 92% of houses are larger. Note that EPC data is not available for all properties in Shelfanger.

WHEATFIELDS: Plot and Title Map

WHEATFIELDS sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of WHEATFIELDS, 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 WHEATFIELDS). 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 WHEATFIELDS?

WHEATFIELDS is located on HEYWOOD ROAD in SHELFANGER, in the IP22 postcode district. The below map shows the position of WHEATFIELDS on HEYWOOD ROAD.