2, COMMON ROAD, HEMSBY, GREAT YARMOUTH, NR29 4LT - £322,250

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.

2 COMMON ROAD is a large detached house of 112m², built sometime between 2003 and 2006, which could now be worth an estimated £473,514. It was last sold for £322,250 in September 2016, which was around 46% above the average September 2016 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

2 COMMON ROAD Sold Prices

Land registry data shows two sales for 2 COMMON 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 2 COMMON ROAD 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
2016 1 SEP	£322,250	£220,887	46% above HPI
2014 16 MAY	£204,000	£195,615	4% above HPI

2 COMMON 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 2 COMMON ROAD sales from May 2014 and September 2016 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 2014 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the September 2016 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 2 COMMON ROAD be worth now?

2 COMMON ROAD might now be worth an estimated £473,514.

This is based on house price inflation of 46.9%, between September 2016 and February 2025, 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 46.9% inflationary increase is applied to the most recent sale price for 2 COMMON ROAD of £322,250 on 1st September 2016. For the value to have increased from £322,250 to £473,514 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 COMMON ROAD has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The September 2016 sale price of £322,250 represented a fair market value for the property.
• The size, condition, and specification of 2 COMMON ROAD has not materially changed since September 2016.

How Large is 2 COMMON ROAD?

2 COMMON ROAD is 112m² according to the EPC inspection conducted in August 2013. This puts it in the largest 40% of detached houses houses in Hemsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hemsby, and where 2 COMMON ROAD lies on this distribution: 60% of detached houses houses are smaller than 2 COMMON ROAD, and 40% of houses are larger. Note that EPC data is not available for all properties in Hemsby.

2 COMMON ROAD: Plot and Title Map

2 COMMON ROAD sits on a plot of roughly 0.138 of an acre, or 560m². The below map shows the location of 2 COMMON 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 2 COMMON 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 2 COMMON ROAD?

2 COMMON ROAD is located in HEMSBY, in the NR29 postcode district. The below map shows the position of No. 2 on COMMON ROAD.