22B, CHAPEL LANE, NORWICH, NR7 0EX - £205,000

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

22B CHAPEL LANE is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £205,000 in January 2012, which was around 13% below the average January 2012 detached price in the Broadland local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was D.

22B CHAPEL LANE Sold Prices

Land registry data shows three sales for 22B CHAPEL 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 Broadland local authority area for the corresponding sale date. All of the three 22B CHAPEL 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
2012 24 JAN	£205,000	£234,764	13% below HPI
2005 4 AUG	£177,950	£219,796	19% below HPI
2003 29 AUG	£155,000	£194,271	20% below HPI

22B CHAPEL LANE 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 22B CHAPEL LANE sales between August 2003 and January 2012 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 August 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2012 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 22B CHAPEL LANE?

22B CHAPEL LANE is 75m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 22B CHAPEL LANE lies on this distribution: 13% of detached houses are smaller than 22B CHAPEL LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Norwich.

22B CHAPEL LANE: Plot and Title Map

22B CHAPEL LANE sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 22B CHAPEL 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 22B CHAPEL 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 22B CHAPEL LANE?

22B CHAPEL LANE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 22B on CHAPEL LANE.