17, BEECHBANK, NORWICH, NR2 2AL - £325,000

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.

17 BEECHBANK is a very small terraced house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £431,981. It was last sold for £325,000 in May 2017, which was around 66% above the average May 2017 terraced price in the Norwich local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

17 BEECHBANK Sold Prices

Land registry data shows two sales for 17 BEECHBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Norwich local authority area for the corresponding sale date. Both of the two 17 BEECHBANK 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
2017 25 MAY	£325,000	£196,262	66% above HPI
2015 20 NOV	£239,000	£178,573	34% above HPI

17 BEECHBANK Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Norwich local authority area over time, sourced from the HPI. The two 17 BEECHBANK sales from November 2015 and May 2017 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 2015 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the May 2017 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 17 BEECHBANK be worth now?

17 BEECHBANK might now be worth an estimated £431,981.

This is based on house price inflation of 32.9%, between May 2017 and May 2026, for terraced houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.9% inflationary increase is applied to the most recent sale price for 17 BEECHBANK of £325,000 on 25th May 2017. For the value to have increased from £325,000 to £431,981 over the nine years to May 2026, the following assumptions must hold true:

• The value of 17 BEECHBANK has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The May 2017 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 17 BEECHBANK has not materially changed since May 2017.

How Large is 17 BEECHBANK?

17 BEECHBANK is 74m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of terraced houses houses in Norwich, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Norwich, and where 17 BEECHBANK lies on this distribution: 12% of terraced houses houses are smaller than 17 BEECHBANK, and 87% of houses are larger. Note that EPC data is not available for all properties in Norwich.

17 BEECHBANK: Plot and Title Map

17 BEECHBANK sits on a plot of roughly 1.3 acres, or 5,453m². The below map shows the location of 17 BEECHBANK, 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 17 BEECHBANK). 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 17 BEECHBANK?

17 BEECHBANK is located in NORWICH, in the NR2 postcode district. The below map shows the position of No. 17 on BEECHBANK.