15B, MILL LANE, ACLE, NORWICH, NR13 3BJ - £215,000

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

15B MILL LANE is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £215,000 in May 2023, which was around 48% below the average May 2023 detached price in the Broadland local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

15B MILL LANE Sold Prices

Land registry data shows two sales for 15B MILL 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 Broadland local authority area for the corresponding sale date. Both of the two 15B MILL 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 19 MAY	£215,000	£409,694	48% below HPI
2004 30 APR	£133,000	£198,019	33% below HPI

15B 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 two 15B MILL LANE sales from April 2004 and May 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 April 2004 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2023 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 15B MILL LANE?

15B MILL LANE is 74m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses in Acle, based on EPC data. The below chart shows the distribution of detached houses by size in Acle, and where 15B MILL LANE lies on this distribution: 13% of detached houses are smaller than 15B MILL LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Acle.

15B MILL LANE: Plot and Title Map

15B MILL LANE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 15B 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 15B 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 15B MILL LANE?

15B MILL LANE is located in ACLE, in the NR13 postcode district. The below map shows the position of No. 15B on MILL LANE.