WILLOW BANK, LOWER STREET, HORNING, NORWICH, NR12 8PE - £444,500

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.

WILLOW BANK is a very small detached house of 86m², built sometime from 2007 onwards, which could now be worth an estimated £828,824. It was last sold for £444,500 in April 2011, which was around 92% above the average April 2011 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

WILLOW BANK Sold Prices

Land registry data shows two sales for WILLOW BANK 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 WILLOW BANK 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
2011 27 APR	£444,500	£231,048	92% above HPI
2006 25 OCT	£440,000	£235,375	87% above HPI

WILLOW BANK 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 WILLOW BANK sales from October 2006 and April 2011 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 2006 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the April 2011 sale, where it rises to 92% above the HPI. The line then continues to track at 92% above the HPI.

What might WILLOW BANK be worth now?

WILLOW BANK might now be worth an estimated £828,824.

This is based on house price inflation of 86.5%, between April 2011 and February 2025, 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 86.5% inflationary increase is applied to the most recent sale price for WILLOW BANK of £444,500 on 27th April 2011. For the value to have increased from £444,500 to £828,824 over the fourteen years and two months to February 2025, the following assumptions must hold true:

• The value of WILLOW BANK has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The April 2011 sale price of £444,500 represented a fair market value for the property.
• The size, condition, and specification of WILLOW BANK has not materially changed since April 2011.

How Large is WILLOW BANK?

WILLOW BANK is 86m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of detached houses houses in Horning, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horning, and where WILLOW BANK lies on this distribution: 17% of detached houses houses are smaller than WILLOW BANK, and 83% of houses are larger. Note that EPC data is not available for all properties in Horning.

WILLOW BANK: Plot and Title Map

WILLOW BANK sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of WILLOW BANK, 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 WILLOW BANK). 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 WILLOW BANK?

WILLOW BANK is located on LOWER STREET in HORNING, in the NR12 postcode district. The below map shows the position of WILLOW BANK on LOWER STREET.