16, THREE MILE LANE, NORWICH, NR5 0RR - £292,500

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

16 THREE MILE LANE is a midsized detached house of 101m², built sometime between 1996 and 2002. It was last sold for £292,500 in November 2021, which was around 25% below the average November 2021 detached price in the South Norfolk local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

16 THREE MILE LANE Sold Prices

Land registry data shows two sales for 16 THREE MILE 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. One of the two 16 THREE MILE LANE sales was for below the average price, whilst the other was roughly equal to 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 NOV	£292,500	£390,053	25% below HPI
1995 4 AUG	£71,500	£71,690	Close to HPI

16 THREE MILE 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 16 THREE MILE LANE sales from August 1995 and November 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 August 1995 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 16 THREE MILE LANE?

16 THREE MILE LANE is 101m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 50% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 16 THREE MILE LANE lies on this distribution: 42% of detached houses are smaller than 16 THREE MILE LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Norwich.

16 THREE MILE LANE: Plot and Title Map

16 THREE MILE LANE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 16 THREE MILE 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 16 THREE MILE 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 16 THREE MILE LANE?

16 THREE MILE LANE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 16 on THREE MILE LANE.