15, OAK LANE, HINGHAM, NORWICH, NR9 4JY - £350,000

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.

15 OAK LANE is a very small detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £371,654. It was last sold for £350,000 in April 2022, which was around 16% below the average April 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was October 2021, where the current energy rating was E, and the potential energy rating was D.

15 OAK LANE Sold Prices

Land registry data shows two sales for 15 OAK 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 South Norfolk local authority area for the corresponding sale date. Both of the two 15 OAK 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
2022 13 APR	£350,000	£414,453	16% below HPI
2009 27 FEB	£140,000	£219,572	36% below HPI

15 OAK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 15 OAK LANE sales from February 2009 and April 2022 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 February 2009 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2022 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 15 OAK LANE be worth now?

15 OAK LANE might now be worth an estimated £371,654.

This is based on house price inflation of 6.2%, between April 2022 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.2% inflationary increase is applied to the most recent sale price for 15 OAK LANE of £350,000 on 13th April 2022. For the value to have increased from £350,000 to £371,654 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 15 OAK LANE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The April 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 15 OAK LANE has not materially changed since April 2022.

How Large is 15 OAK LANE?

15 OAK LANE is 77m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of detached houses houses in Hingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hingham, and where 15 OAK LANE lies on this distribution: 19% of detached houses houses are smaller than 15 OAK LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in Hingham.

15 OAK LANE: Plot and Title Map

15 OAK LANE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 15 OAK 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 15 OAK 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 15 OAK LANE?

15 OAK LANE is located in HINGHAM, in the NR9 postcode district. The below map shows the position of No. 15 on OAK LANE.