AVAN, VINE CLOSE, HEMSBY, GREAT YARMOUTH, NR29 4HQ - £273,000

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.

AVAN is a large extended detached house of 136m², built sometime between 1967 and 1975, which could now be worth an estimated £406,688. It was last sold for £273,000 in December 2015, which was around 25% above the average December 2015 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was C.

AVAN Sold Prices

Land registry data shows two sales for AVAN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. One of the two AVAN sales was for above the average price, whilst the other was 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 18 DEC	£273,000	£217,877	25% above HPI
2003 24 OCT	£123,000	£152,003	19% below HPI

AVAN 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 two AVAN sales from October 2003 and December 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 October 2003 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2015 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might AVAN be worth now?

AVAN might now be worth an estimated £406,688.

This is based on house price inflation of 49%, between December 2015 and February 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 49% inflationary increase is applied to the most recent sale price for AVAN of £273,000 on 18th December 2015. For the value to have increased from £273,000 to £406,688 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of AVAN has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The December 2015 sale price of £273,000 represented a fair market value for the property.
• The size, condition, and specification of AVAN has not materially changed since December 2015.

How Large is AVAN?

AVAN is 136m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the largest 30% 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 AVAN lies on this distribution: 75% of detached houses houses are smaller than AVAN, and 24% of houses are larger. Note that EPC data is not available for all properties in Hemsby.

AVAN: Plot and Title Map

AVAN sits on a plot of roughly 0.186 of an acre, or 752m². The below map shows the location of AVAN, 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 AVAN). 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 AVAN?

AVAN is located on VINE CLOSE in HEMSBY, in the NR29 postcode district. The below map shows the position of AVAN on VINE CLOSE.