20, LAKES AVENUE, MULBARTON, NORWICH, NR14 8BY - £380,000

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

20 LAKES AVENUE is a very small extended detached house of 85m², built sometime between 1967 and 1975. It was last sold for £380,000 in November 2023, which was around 6% below the average November 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

20 LAKES AVENUE Sold Prices

Land registry data shows four sales for 20 LAKES AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the four 20 LAKES AVENUE 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
2023 8 NOV	£380,000	£402,826	6% below HPI
2018 7 JUN	£260,000	£334,202	22% below HPI
2014 17 DEC	£235,500	£272,206	13% below HPI
2013 31 MAY	£170,000	£238,743	29% below HPI

20 LAKES AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The four 20 LAKES AVENUE sales between May 2013 and November 2023 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 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2023 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 20 LAKES AVENUE?

20 LAKES AVENUE is 85m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 20% of detached houses in Mulbarton, based on EPC data. The below chart shows the distribution of detached houses by size in Mulbarton, and where 20 LAKES AVENUE lies on this distribution: 18% of detached houses are smaller than 20 LAKES AVENUE, and 81% of houses are larger. Note that EPC data is not available for all properties in Mulbarton.

20 LAKES AVENUE: Plot and Title Map

20 LAKES AVENUE sits on a plot of roughly 0.140 of an acre, or 568m². The below map shows the location of 20 LAKES AVENUE, 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 20 LAKES AVENUE). 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 20 LAKES AVENUE?

20 LAKES AVENUE is located in MULBARTON, in the NR14 postcode district. The below map shows the position of No. 20 on LAKES AVENUE.