2, SCHOOL LANE, DEREHAM, NR19 1LR - £330,000

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 SCHOOL LANE is a very large extended detached house of 152m², built sometime between 1950 and 1966, which could now be worth an estimated £385,079. It was last sold for £330,000 in November 2020, which was around 4% above the average November 2020 detached price in the Breckland local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was C.

2 SCHOOL LANE Sold Prices

Land registry data shows three sales for 2 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. One of the three 2 SCHOOL LANE sales was for above the average price, whilst two 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
2020 27 NOV	£330,000	£317,446	4% above HPI
2018 11 JUN	£237,000	£299,823	21% below HPI
2015 17 AUG	£205,000	£249,624	18% below HPI

2 SCHOOL 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 three 2 SCHOOL LANE sales between August 2015 and November 2020 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 2018 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2020 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 2 SCHOOL LANE be worth now?

2 SCHOOL LANE might now be worth an estimated £385,079.

This is based on house price inflation of 16.7%, between November 2020 and February 2025, 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 16.7% inflationary increase is applied to the most recent sale price for 2 SCHOOL LANE of £330,000 on 27th November 2020. For the value to have increased from £330,000 to £385,079 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 SCHOOL LANE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2020 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SCHOOL LANE has not materially changed since November 2020.

How Large is 2 SCHOOL LANE?

2 SCHOOL LANE is 152m², which includes three extensions, according to the EPC inspection conducted in February 2020. This puts it in the largest 20% of detached houses houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dereham, and where 2 SCHOOL LANE lies on this distribution: 85% of detached houses houses are smaller than 2 SCHOOL LANE, and 15% of houses are larger. Note that EPC data is not available for all properties in Dereham.

2 SCHOOL LANE: Plot and Title Map

2 SCHOOL LANE sits on a plot of roughly 0.180 of an acre, or 727m². The below map shows the location of 2 SCHOOL 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 SCHOOL 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 SCHOOL LANE?

2 SCHOOL LANE is located in DEREHAM, in the NR19 postcode district. The below map shows the position of No. 2 on SCHOOL LANE.