2, PARK LANE, REEPHAM, NORWICH, NR10 4JZ - £187,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 PARK LANE is a large extended semi-detached house of 123m², built sometime between 1950 and 1966, which could now be worth an estimated £331,711. It was last sold for £187,000 in July 2011, which was around 21% above the average July 2011 semi-detached price in the Broadland local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was C.

2 PARK LANE Sold Prices

Land registry data shows two sales for 2 PARK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Broadland local authority area for the corresponding sale date. Both of the two 2 PARK LANE sales were for above 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
2011 20 JUL	£187,000	£155,000	21% above HPI
2003 27 JUN	£155,000	£119,840	29% above HPI

2 PARK LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Broadland local authority area over time, sourced from the HPI. The two 2 PARK LANE sales from June 2003 and July 2011 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 2003 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the July 2011 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 2 PARK LANE be worth now?

2 PARK LANE might now be worth an estimated £331,711.

This is based on house price inflation of 77.4%, between July 2011 and February 2025, for semi-detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77.4% inflationary increase is applied to the most recent sale price for 2 PARK LANE of £187,000 on 20th July 2011. For the value to have increased from £187,000 to £331,711 over the fourteen years and five months to February 2025, the following assumptions must hold true:

• The value of 2 PARK LANE has moved in line with the HPI for semi-detached houses in the Broadland local authority area.
• The July 2011 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK LANE has not materially changed since July 2011.

How Large is 2 PARK LANE?

2 PARK LANE is 123m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the largest 40% of semi-detached houses houses in Reepham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Reepham, and where 2 PARK LANE lies on this distribution: 62% of semi-detached houses houses are smaller than 2 PARK LANE, and 36% of houses are larger. Note that EPC data is not available for all properties in Reepham.

2 PARK LANE: Plot and Title Map

2 PARK LANE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of 2 PARK 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 PARK 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 PARK LANE?

2 PARK LANE is located in REEPHAM, in the NR10 postcode district. The below map shows the position of No. 2 on PARK LANE.