55, OLIVE ROAD, NORWICH, NR5 0AP - £200,000

55 OLIVE ROAD is a very small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £200,000 in September 2015, which was around 30% below the average September 2015 detached price in the South Norfolk local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

55 OLIVE ROAD Sold Prices

Land registry data shows three sales for 55 OLIVE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the three 55 OLIVE ROAD 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
2015 4 SEP	£200,000	£286,821	30% below HPI
2010 25 JUN	£176,000	£237,593	26% below HPI
2007 9 MAY	£176,000	£253,004	30% below HPI

55 OLIVE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three 55 OLIVE ROAD sales between May 2007 and September 2015 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 June 2010 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2015 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 55 OLIVE ROAD?

55 OLIVE ROAD is 77m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 55 OLIVE ROAD lies on this distribution: 16% of detached houses are smaller than 55 OLIVE ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Norwich.

55 OLIVE ROAD: Plot and Title Map

55 OLIVE ROAD sits on a plot of roughly 0.142 of an acre, or 575m². The below map shows the location of 55 OLIVE 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 55 OLIVE 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 55 OLIVE ROAD?

55 OLIVE ROAD is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 55 on OLIVE ROAD.