40, THE HILLS, REEDHAM, NORWICH, NR13 3AR - £270,000

40 THE HILLS is a very small detached house of 56m², built sometime between 1950 and 1966. It was last sold for £270,000 in June 2022, which was around 34% below the average June 2022 detached price in the Broadland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was A.

40 THE HILLS Sold Prices

Land registry data shows four sales for 40 THE HILLS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Most of the four 40 THE HILLS 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 6 JUN	£270,000	£406,883	34% below HPI
2010 25 NOV	£257,500	£237,277	9% above HPI
1999 27 OCT	£84,000	£93,989	11% below HPI
1996 4 OCT	£69,000	£73,366	6% below HPI

40 THE HILLS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The four 40 THE HILLS sales between October 1996 and June 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 November 2010 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2022 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 40 THE HILLS?

40 THE HILLS is 56m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses in Reedham, based on EPC data. The below chart shows the distribution of detached houses by size in Reedham, and where 40 THE HILLS lies on this distribution: Less than 1% of detached houses are smaller than 40 THE HILLS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Reedham.

40 THE HILLS: Plot and Title Map

40 THE HILLS sits on a plot of roughly 0.267 of an acre, or 1,079m². The below map shows the location of 40 THE HILLS, 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 40 THE HILLS). 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 40 THE HILLS?

40 THE HILLS is located in REEDHAM, in the NR13 postcode district. The below map shows the position of No. 40 on THE HILLS.