27, CHERRY TREE LANE, NORTH WALSHAM, NR28 0HR - £315,000

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

27 CHERRY TREE LANE is a large extended detached house of 124m², built sometime from 2007 onwards. It was last sold for £315,000 in July 2022, which was around 27% below the average July 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

27 CHERRY TREE LANE Sold Prices

Land registry data shows two sales for 27 CHERRY TREE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two 27 CHERRY TREE 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
2022 28 JUL	£315,000	£431,331	27% below HPI
2020 6 MAR	£241,000	£354,676	32% below HPI

27 CHERRY TREE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two 27 CHERRY TREE LANE sales from March 2020 and July 2022 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 March 2020 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2022 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 27 CHERRY TREE LANE?

27 CHERRY TREE LANE is 124m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 30% of detached houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses by size in North Walsham, and where 27 CHERRY TREE LANE lies on this distribution: 77% of detached houses are smaller than 27 CHERRY TREE LANE, and 22% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

27 CHERRY TREE LANE: Plot and Title Map

27 CHERRY TREE LANE sits on a plot of roughly 0.028 of an acre, or 114m². The below map shows the location of 27 CHERRY TREE 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 27 CHERRY TREE 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 27 CHERRY TREE LANE?

27 CHERRY TREE LANE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 27 on CHERRY TREE LANE.