1, MILL LANE, HORSFORD, NORWICH, NR10 3ES - £392,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MILL LANE is a very large extended detached house of 168m², built sometime before 1900. It was last sold for £392,500 in June 2019, which was around 15% above the average June 2019 detached price in the Broadland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

1 MILL LANE Sold Prices

Land registry data shows four sales for 1 MILL 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 MILL LANE sales were for above 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
2019 3 JUN	£392,500	£342,323	15% above HPI
2005 1 NOV	£277,000	£218,957	27% above HPI
2002 16 DEC	£210,000	£176,669	19% above HPI
1999 22 MAR	£140,000	£86,346	62% above HPI

1 MILL 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 MILL LANE sales between March 1999 and June 2019 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 2005 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the June 2019 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 1 MILL LANE?

1 MILL LANE is 168m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 10% of detached houses in Horsford, based on EPC data. The below chart shows the distribution of detached houses by size in Horsford, and where 1 MILL LANE lies on this distribution: 90% of detached houses are smaller than 1 MILL LANE, and 9% of houses are larger. Note that EPC data is not available for all properties in Horsford.

1 MILL LANE: Plot and Title Map

1 MILL LANE sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 1 MILL 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 MILL 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 MILL LANE?

1 MILL LANE is located in HORSFORD, in the NR10 postcode district. The below map shows the position of No. 1 on MILL LANE.