3, TAILOR PLACE, HETHERSETT, NORWICH, NR9 3GE - £242,000

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.

3 TAILOR PLACE is a very small terraced house of 84m², which could now be worth an estimated £267,587. It was last sold for £242,000 in August 2021, which was around 18% above the average August 2021 terraced price in the South Norfolk local authority area. The most recent EPC inspection was October 2017, where the current energy rating was B, and the potential energy rating was A.

3 TAILOR PLACE Sold Prices

Land registry data shows two sales for 3 TAILOR PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the South Norfolk local authority area for the corresponding sale date. Both of the two 3 TAILOR PLACE 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
2021 20 AUG	£242,000	£205,021	18% above HPI
2017 4 DEC	£221,995	£177,676	25% above HPI

3 TAILOR PLACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Norfolk local authority area over time, sourced from the HPI. The two 3 TAILOR PLACE sales from December 2017 and August 2021 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 2017 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2021 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 3 TAILOR PLACE be worth now?

3 TAILOR PLACE might now be worth an estimated £267,587.

This is based on house price inflation of 10.6%, between August 2021 and June 2025, for terraced houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.6% inflationary increase is applied to the most recent sale price for 3 TAILOR PLACE of £242,000 on 20th August 2021. For the value to have increased from £242,000 to £267,587 over the four years and two months to June 2025, the following assumptions must hold true:

• The value of 3 TAILOR PLACE has moved in line with the HPI for terraced houses in the South Norfolk local authority area.
• The August 2021 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 3 TAILOR PLACE has not materially changed since August 2021.

How Large is 3 TAILOR PLACE?

3 TAILOR PLACE is 84m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 20% of terraced houses houses in Hethersett, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hethersett, and where 3 TAILOR PLACE lies on this distribution: 17% of terraced houses houses are smaller than 3 TAILOR PLACE, and 82% of houses are larger. Note that EPC data is not available for all properties in Hethersett.

3 TAILOR PLACE: Plot and Title Map

3 TAILOR PLACE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 3 TAILOR PLACE, 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 3 TAILOR PLACE). 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 3 TAILOR PLACE?

3 TAILOR PLACE is located in HETHERSETT, in the NR9 postcode district. The below map shows the position of No. 3 on TAILOR PLACE.