1, COMMON LANE, NORWICH, NR7 0RB - £213,500

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 COMMON LANE is a very small extended detached house of 70m², built sometime between 1900 and 1929. It was last sold for £213,500 in January 2016, which was around 29% below the average January 2016 detached price in the Broadland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was E, and the potential energy rating was B.

1 COMMON LANE Sold Prices

Land registry data shows four sales for 1 COMMON 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 Broadland local authority area for the corresponding sale date. All of the four 1 COMMON 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
2016 11 JAN	£213,500	£298,964	29% below HPI
2013 9 NOV	£160,000	£248,897	36% below HPI
2001 15 NOV	£110,000	£141,989	23% below HPI
1995 21 DEC	£48,000	£72,350	34% below HPI

1 COMMON LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The four 1 COMMON LANE sales between December 1995 and January 2016 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 November 2013 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the January 2016 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 1 COMMON LANE?

1 COMMON LANE is 70m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 1 COMMON LANE lies on this distribution: 9% of detached houses are smaller than 1 COMMON LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1 COMMON LANE: Plot and Title Map

1 COMMON LANE sits on a plot of roughly 0.023 of an acre, or 95m². The below map shows the location of 1 COMMON 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 COMMON 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 COMMON LANE?

1 COMMON LANE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 1 on COMMON LANE.