1, CHAPEL LANE, DEREHAM, NR19 1LD - £320,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 CHAPEL LANE is a midsized extended detached house of 104m², built sometime between 1976 and 1982. It was last sold for £320,000 in October 2023, which was around 11% below the average October 2023 detached price in the Breckland local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

1 CHAPEL LANE Sold Prices

Land registry data shows four sales for 1 CHAPEL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the four 1 CHAPEL 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
2023 4 OCT	£320,000	£359,069	11% below HPI
2010 3 JUN	£182,500	£210,796	13% below HPI
2001 3 JUL	£97,500	£117,348	17% below HPI
1997 17 OCT	£65,950	£73,486	10% below HPI

1 CHAPEL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The four 1 CHAPEL LANE sales between October 1997 and October 2023 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 2010 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 CHAPEL LANE?

1 CHAPEL LANE is 104m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 50% of detached houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses by size in Dereham, and where 1 CHAPEL LANE lies on this distribution: 42% of detached houses are smaller than 1 CHAPEL LANE, and 57% of houses are larger. Note that EPC data is not available for all properties in Dereham.

1 CHAPEL LANE: Plot and Title Map

1 CHAPEL LANE sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 1 CHAPEL 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 1 CHAPEL 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 1 CHAPEL LANE?

1 CHAPEL LANE is located in DEREHAM, in the NR19 postcode district. The below map shows the position of No. 1 on CHAPEL LANE.