1A, OAK LANE, NORWICH, NR3 3QG - £320,000

1A OAK LANE is a large extended detached house of 134m², built sometime between 1950 and 1966. It was last sold for £320,000 in June 2021, which was around 21% below the average June 2021 detached price in the Norwich local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

1A OAK LANE Sold Prices

Land registry data shows two sales for 1A OAK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two 1A OAK LANE 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
2021 28 JUN	£320,000	£405,159	21% below HPI
2005 23 MAY	£144,000	£231,408	38% below HPI

1A OAK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 1A OAK LANE sales from May 2005 and June 2021 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 2005 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2021 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 1A OAK LANE?

1A OAK LANE is 134m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the largest 30% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 1A OAK LANE lies on this distribution: 72% of detached houses are smaller than 1A OAK LANE, and 27% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1A OAK LANE: Plot and Title Map

1A OAK LANE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 1A OAK LANE, 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 1A OAK LANE). 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 1A OAK LANE?

1A OAK LANE is located in NORWICH, in the NR3 postcode district. The below map shows the position of No. 1A on OAK LANE.