6, RISING WAY, MARTHAM, GREAT YARMOUTH, NR29 4RN - £175,000

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.

6 RISING WAY is a very small terraced house of 73m², built sometime between 1976 and 1982, which could now be worth an estimated £218,873. It was last sold for £175,000 in August 2020, which was around 33% above the average August 2020 terraced price in the Great Yarmouth local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

6 RISING WAY Sold Prices

Land registry data shows three sales for 6 RISING WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Great Yarmouth local authority area for the corresponding sale date. All of the three 6 RISING WAY 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
2020 28 AUG	£175,000	£131,190	33% above HPI
2014 8 MAY	£135,000	£102,841	31% above HPI
1995 31 JAN	£34,500	£31,272	10% above HPI

6 RISING WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Great Yarmouth local authority area over time, sourced from the HPI. The three 6 RISING WAY sales between January 1995 and August 2020 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 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the August 2020 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 6 RISING WAY be worth now?

6 RISING WAY might now be worth an estimated £218,873.

This is based on house price inflation of 25.1%, between August 2020 and May 2026, for terraced 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 25.1% inflationary increase is applied to the most recent sale price for 6 RISING WAY of £175,000 on 28th August 2020. For the value to have increased from £175,000 to £218,873 over the six years and three months to May 2026, the following assumptions must hold true:

• The value of 6 RISING WAY has moved in line with the HPI for terraced houses in the Great Yarmouth local authority area.
• The August 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 6 RISING WAY has not materially changed since August 2020.

How Large is 6 RISING WAY?

6 RISING WAY is 73m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of terraced houses houses in Martham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Martham, and where 6 RISING WAY lies on this distribution: 17% of terraced houses houses are smaller than 6 RISING WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Martham.

6 RISING WAY: Plot and Title Map

6 RISING WAY sits on a plot of roughly 0.041 of an acre, or 167m². The below map shows the location of 6 RISING WAY, 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 6 RISING WAY). 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 6 RISING WAY?

6 RISING WAY is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 6 on RISING WAY.