THE OLLANDS, THORPE MARKET, NORWICH, NR11 8TN - £315,000

THE OLLANDS is a midsized extended detached house of 117m², built sometime before 1900. It was last sold for £315,000 in November 2017, which was around 6% below the average November 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2016, where the current energy rating was F, and the potential energy rating was C.

THE OLLANDS Sold Prices

Land registry data shows two sales for THE OLLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two THE OLLANDS 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
2017 8 NOV	£315,000	£335,916	6% below HPI
2002 8 JAN	£110,000	£135,852	19% below HPI

THE OLLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two THE OLLANDS sales from January 2002 and November 2017 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 January 2002 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2017 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is THE OLLANDS?

THE OLLANDS is 117m², which includes three extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 50% of detached houses in Thorpe Market, based on EPC data. The below chart shows the distribution of detached houses by size in Thorpe Market, and where THE OLLANDS lies on this distribution: 50% of detached houses are smaller than THE OLLANDS, and 50% of houses are larger. Note that EPC data is not available for all properties in Thorpe Market.

THE OLLANDS: Plot and Title Map

THE OLLANDS sits on a plot of roughly 0.143 of an acre, or 577m². The below map shows the location of THE OLLANDS, 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 THE OLLANDS). 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 THE OLLANDS?

THE OLLANDS is located in THORPE MARKET, in the NR11 postcode district. The below map shows the position of THE OLLANDS in THORPE MARKET.