THE LEAS, MILL LANE, BACTON, NORWICH, NR12 0HS - £107,000

THE LEAS is a midsized extended detached house of 110m², built sometime between 1930 and 1949. It was last sold for £107,000 in February 2011, which was around 53% below the average February 2011 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2010, where the current energy rating was F, and the potential energy rating was E.

THE LEAS Sold Prices

Land registry data shows two sales for THE LEAS 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 LEAS 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
2011 4 FEB	£107,000	£228,144	53% below HPI
2002 23 AUG	£72,000	£157,156	54% below HPI

THE LEAS 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 LEAS sales from August 2002 and February 2011 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 August 2002 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the February 2011 sale, where it rises to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is THE LEAS?

THE LEAS is 110m², which includes two extensions, according to the EPC inspection conducted in May 2010. This puts it in the largest 50% of detached houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses by size in Bacton, and where THE LEAS lies on this distribution: 52% of detached houses are smaller than THE LEAS, and 48% of houses are larger. Note that EPC data is not available for all properties in Bacton.

THE LEAS: Plot and Title Map

THE LEAS sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of THE LEAS, 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 LEAS). 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 LEAS?

THE LEAS is located on MILL LANE in BACTON, in the NR12 postcode district. The below map shows the position of THE LEAS on MILL LANE.