111, GIPSY LANE, NORWICH, NR5 8AY - £210,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

111 GIPSY LANE is a very small extended detached house of 67m², built sometime between 1930 and 1949, which could now be worth an estimated £237,180. It was last sold for £210,000 in February 2021, which was around 49% below the average February 2021 detached price in the Norwich local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

111 GIPSY LANE Sold Prices

Land registry data shows two sales for 111 GIPSY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two 111 GIPSY 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
2021 10 FEB	£210,000	£409,127	49% below HPI
2015 17 JUL	£150,500	£332,469	55% below HPI

111 GIPSY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 111 GIPSY LANE sales from July 2015 and February 2021 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 July 2015 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the February 2021 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 111 GIPSY LANE be worth now?

111 GIPSY LANE might now be worth an estimated £237,180.

This is based on house price inflation of 12.9%, between February 2021 and February 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.9% inflationary increase is applied to the most recent sale price for 111 GIPSY LANE of £210,000 on 10th February 2021. For the value to have increased from £210,000 to £237,180 over the four years to February 2025, the following assumptions must hold true:

• The value of 111 GIPSY LANE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The February 2021 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 111 GIPSY LANE has not materially changed since February 2021.

How Large is 111 GIPSY LANE?

111 GIPSY LANE is 67m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 111 GIPSY LANE lies on this distribution: 7% of detached houses houses are smaller than 111 GIPSY LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Norwich.

111 GIPSY LANE: Plot and Title Map

111 GIPSY LANE sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 111 GIPSY 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 111 GIPSY 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 111 GIPSY LANE?

111 GIPSY LANE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 111 on GIPSY LANE.