9, BUTTERMERE, HEMSBY, GREAT YARMOUTH, NR29 4JZ - £165,000

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.

9 BUTTERMERE is a very small detached house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £202,300. It was last sold for £165,000 in September 2020, which was around 36% below the average September 2020 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

9 BUTTERMERE Sold Prices

Land registry data shows three sales for 9 BUTTERMERE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. All of the three 9 BUTTERMERE 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
2020 18 SEP	£165,000	£259,140	36% below HPI
2001 27 JUL	£73,000	£98,865	26% below HPI
1998 20 AUG	£47,500	£70,344	32% below HPI

9 BUTTERMERE 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 three 9 BUTTERMERE sales between August 1998 and September 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 July 2001 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2020 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 9 BUTTERMERE be worth now?

9 BUTTERMERE might now be worth an estimated £202,300.

This is based on house price inflation of 22.6%, between September 2020 and March 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 22.6% inflationary increase is applied to the most recent sale price for 9 BUTTERMERE of £165,000 on 18th September 2020. For the value to have increased from £165,000 to £202,300 over the five years and six months to March 2025, the following assumptions must hold true:

• The value of 9 BUTTERMERE has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The September 2020 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 9 BUTTERMERE has not materially changed since September 2020.

How Large is 9 BUTTERMERE?

9 BUTTERMERE is 72m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 20% of detached houses houses in Hemsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hemsby, and where 9 BUTTERMERE lies on this distribution: 19% of detached houses houses are smaller than 9 BUTTERMERE, and 80% of houses are larger. Note that EPC data is not available for all properties in Hemsby.

9 BUTTERMERE: Plot and Title Map

9 BUTTERMERE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 9 BUTTERMERE, 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 9 BUTTERMERE). 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 9 BUTTERMERE?

9 BUTTERMERE is located in HEMSBY, in the NR29 postcode district. The below map shows the position of No. 9 on BUTTERMERE.