2, BAKERY LANE, LYNG, NORWICH, NR9 5RU - £265,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 BAKERY LANE is a very small detached house of 62m², built sometime between 1976 and 1982, which could now be worth an estimated £256,725. It was last sold for £265,000 in November 2022, which was around 30% below the average November 2022 detached price in the Breckland local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

2 BAKERY LANE Sold Prices

Land registry data shows two sales for 2 BAKERY 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 Breckland local authority area for the corresponding sale date. Both of the two 2 BAKERY 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 23 NOV	£265,000	£379,760	30% below HPI
1995 27 OCT	£46,000	£67,890	32% below HPI

2 BAKERY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two 2 BAKERY LANE sales from October 1995 and November 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 October 1995 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 BAKERY LANE be worth now?

2 BAKERY LANE might now be worth an estimated £256,725.

This is based on house price deflation of 3.1%, between November 2022 and December 2024, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.1% deflationary decrease is applied to the most recent sale price for 2 BAKERY LANE of £265,000 on 23rd November 2022. For the value to have decreased from £265,000 to £256,725 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 BAKERY LANE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2022 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BAKERY LANE has not materially changed since November 2022.

How Large is 2 BAKERY LANE?

2 BAKERY LANE is 62m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses houses in Lyng, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lyng, and where 2 BAKERY LANE lies on this distribution: 4% of detached houses houses are smaller than 2 BAKERY LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Lyng.

2 BAKERY LANE: Plot and Title Map

2 BAKERY LANE sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 2 BAKERY 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 2 BAKERY 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 2 BAKERY LANE?

2 BAKERY LANE is located in LYNG, in the NR9 postcode district. The below map shows the position of No. 2 on BAKERY LANE.