PAMAL, PIT ROAD, HEMSBY, GREAT YARMOUTH, NR29 4LG - £220,000

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.

PAMAL is a very small detached house of 66m², built sometime between 2003 and 2006, which could now be worth an estimated £287,593. It was last sold for £220,000 in April 2018, which was around 9% below the average April 2018 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

PAMAL Sold Prices

Land registry data shows two sales for PAMAL 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. Both of the two PAMAL 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
2018 20 APR	£220,000	£243,047	9% below HPI
2005 10 JUN	£169,950	£178,912	5% below HPI

PAMAL 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 PAMAL sales from June 2005 and April 2018 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 2005 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the April 2018 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might PAMAL be worth now?

PAMAL might now be worth an estimated £287,593.

This is based on house price inflation of 30.7%, between April 2018 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 30.7% inflationary increase is applied to the most recent sale price for PAMAL of £220,000 on 20th April 2018. For the value to have increased from £220,000 to £287,593 over the seven years and one month to March 2025, the following assumptions must hold true:

• The value of PAMAL has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The April 2018 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of PAMAL has not materially changed since April 2018.

How Large is PAMAL?

PAMAL is 66m² according to the EPC inspection conducted in November 2017. 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 PAMAL lies on this distribution: 13% of detached houses houses are smaller than PAMAL, and 87% of houses are larger. Note that EPC data is not available for all properties in Hemsby.

PAMAL: Plot and Title Map

PAMAL sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of PAMAL, 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 PAMAL). 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 PAMAL?

PAMAL is located on PIT ROAD in HEMSBY, in the NR29 postcode district. The below map shows the position of PAMAL on PIT ROAD.