2, LAMBERT ROAD, NORWICH, NR7 8XP - £237,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

2 LAMBERT ROAD is a small extended semi-detached house of 90m², built sometime between 1900 and 1929. It was last sold for £237,000 in June 2017, which was around 27% below the average June 2017 detached price in the Broadland local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

2 LAMBERT ROAD Sold Prices

Land registry data shows three sales for 2 LAMBERT ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 2 LAMBERT ROAD 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
2017 9 JUN	£237,000	£323,693	27% below HPI
2016 7 JAN	£205,000	£298,964	31% below HPI
2005 16 SEP	£155,000	£219,488	29% below HPI

2 LAMBERT ROAD 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 three 2 LAMBERT ROAD sales between September 2005 and June 2017 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 January 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2017 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 2 LAMBERT ROAD?

2 LAMBERT ROAD is 90m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the smallest 30% 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 LAMBERT ROAD lies on this distribution: 29% of detached houses are smaller than 2 LAMBERT ROAD, and 69% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 LAMBERT ROAD: Plot and Title Map

2 LAMBERT ROAD sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 2 LAMBERT ROAD, 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 LAMBERT ROAD). 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 LAMBERT ROAD?

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