OAK LODGE, WALCOTT ROAD, BACTON, NORWICH, NR12 0EX - £375,000

OAK LODGE is a small detached house of 83m², built sometime between 1996 and 2002. It was last sold for £375,000 in July 2022, which was around 13% below the average July 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

OAK LODGE Sold Prices

Land registry data shows five sales for OAK LODGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the five OAK LODGE 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
2022 4 JUL	£375,000	£430,846	13% below HPI
2009 14 DEC	£193,500	£233,166	17% below HPI
2005 15 DEC	£187,500	£219,365	15% below HPI
2004 4 MAY	£135,000	£193,232	30% below HPI
2000 25 AUG	£55,000	£107,519	49% below HPI

OAK LODGE 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 five OAK LODGE sales between August 2000 and July 2022 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 December 2009 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is OAK LODGE?

OAK LODGE is 83m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 30% of detached houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses by size in Bacton, and where OAK LODGE lies on this distribution: 28% of detached houses are smaller than OAK LODGE, and 72% of houses are larger. Note that EPC data is not available for all properties in Bacton.

OAK LODGE: Plot and Title Map

OAK LODGE sits on a plot of roughly 0.211 of an acre, or 853m². The below map shows the location of OAK LODGE, 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 OAK LODGE). 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 OAK LODGE?

OAK LODGE is located on WALCOTT ROAD in BACTON, in the NR12 postcode district. The below map shows the position of OAK LODGE on WALCOTT ROAD.