2, HEARTSEASE LANE, NORWICH, NR7 9NR - £250,000

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

2 HEARTSEASE LANE is a small detached house of 93m², built sometime between 1950 and 1966. It was last sold for £250,000 in July 2019, which was around 33% below the average July 2019 detached price in the Norwich local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

2 HEARTSEASE LANE Sold Prices

Land registry data shows four sales for 2 HEARTSEASE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. All of the four 2 HEARTSEASE 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
2019 9 JUL	£250,000	£372,472	33% below HPI
2007 15 JUN	£177,794	£279,897	36% below HPI
2004 16 NOV	£162,950	£230,814	29% below HPI
2002 13 AUG	£100,000	£185,513	46% below HPI

2 HEARTSEASE 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 four 2 HEARTSEASE LANE sales between August 2002 and July 2019 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 June 2007 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2019 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 2 HEARTSEASE LANE?

2 HEARTSEASE LANE is 93m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 2 HEARTSEASE LANE lies on this distribution: 33% of detached houses are smaller than 2 HEARTSEASE LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 HEARTSEASE LANE: Plot and Title Map

2 HEARTSEASE LANE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 2 HEARTSEASE 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 HEARTSEASE 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 HEARTSEASE LANE?

2 HEARTSEASE LANE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 2 on HEARTSEASE LANE.