29, THE PROMENADE, SCRATBY, GREAT YARMOUTH, NR29 3PA - £240,000

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.

29 THE PROMENADE is a small detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £237,486. It was last sold for £240,000 in February 2022, which was around 22% below the average February 2022 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

29 THE PROMENADE Sold Prices

Land registry data shows four sales for 29 THE PROMENADE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. All of the four 29 THE PROMENADE 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
2022 18 FEB	£240,000	£308,608	22% below HPI
2020 22 DEC	£175,000	£271,651	36% below HPI
2002 28 JUN	£105,000	£118,115	11% below HPI
1999 18 NOV	£25,000	£77,563	68% below HPI

29 THE PROMENADE 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 four 29 THE PROMENADE sales between November 1999 and February 2022 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 December 2020 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the February 2022 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 29 THE PROMENADE be worth now?

29 THE PROMENADE might now be worth an estimated £237,486.

This is based on house price deflation of 1%, between February 2022 and June 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 1% deflationary decrease is applied to the most recent sale price for 29 THE PROMENADE of £240,000 on 18th February 2022. For the value to have decreased from £240,000 to £237,486 over the two years and eight months to June 2025, the following assumptions must hold true:

• The value of 29 THE PROMENADE has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The February 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 29 THE PROMENADE has not materially changed since February 2022.

How Large is 29 THE PROMENADE?

29 THE PROMENADE is 87m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 40% of detached houses houses in Scratby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Scratby, and where 29 THE PROMENADE lies on this distribution: 40% of detached houses houses are smaller than 29 THE PROMENADE, and 58% of houses are larger. Note that EPC data is not available for all properties in Scratby.

29 THE PROMENADE: Plot and Title Map

29 THE PROMENADE sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of 29 THE PROMENADE, 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 29 THE PROMENADE). 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 29 THE PROMENADE?

29 THE PROMENADE is located in SCRATBY, in the NR29 postcode district. The below map shows the position of No. 29 on THE PROMENADE.