1, SOMERTON ROAD, MARTHAM, GREAT YARMOUTH, NR29 4QF - £157,500

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.

1 SOMERTON ROAD is a very small detached house of 53m², built sometime between 1967 and 1975, which could now be worth an estimated £194,624. It was last sold for £157,500 in June 2019, which was around 38% below the average June 2019 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was B.

1 SOMERTON ROAD Sold Prices

Land registry data shows two sales for 1 SOMERTON ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. Both of the two 1 SOMERTON ROAD 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
2019 20 JUN	£157,500	£254,578	38% below HPI
2011 28 NOV	£100,000	£185,228	46% below HPI

1 SOMERTON ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The two 1 SOMERTON ROAD sales from November 2011 and June 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 November 2011 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the June 2019 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 1 SOMERTON ROAD be worth now?

1 SOMERTON ROAD might now be worth an estimated £194,624.

This is based on house price inflation of 23.6%, between June 2019 and March 2026, for detached houses, in the Great Yarmouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.6% inflationary increase is applied to the most recent sale price for 1 SOMERTON ROAD of £157,500 on 20th June 2019. For the value to have increased from £157,500 to £194,624 over the seven years and three months to March 2026, the following assumptions must hold true:

• The value of 1 SOMERTON ROAD has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The June 2019 sale price of £157,500 represented a fair market value for the property.
• The size, condition, and specification of 1 SOMERTON ROAD has not materially changed since June 2019.

How Large is 1 SOMERTON ROAD?

1 SOMERTON ROAD is 53m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses houses in Martham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martham, and where 1 SOMERTON ROAD lies on this distribution: 1% of detached houses houses are smaller than 1 SOMERTON ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Martham.

1 SOMERTON ROAD: Plot and Title Map

1 SOMERTON ROAD sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 1 SOMERTON ROAD, 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 1 SOMERTON ROAD). 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 1 SOMERTON ROAD?

1 SOMERTON ROAD is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 1 on SOMERTON ROAD.