28, PARK LANE, NORWICH, NR2 3EE - £455,000

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

28 PARK LANE is a very large extended detached house of 227m², built sometime before 1900. It was last sold for £455,000 in July 2005, which was around 94% above the average July 2005 detached price in the Norwich local authority area. The most recent EPC inspection was April 2024, where the current energy rating was E, and the potential energy rating was D.

28 PARK LANE Sold Prices

Land registry data shows two sales for 28 PARK 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 Norwich local authority area for the corresponding sale date. Both of the two 28 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
2005 4 JUL	£455,000	£234,989	94% above HPI
1995 22 AUG	£205,000	£78,600	161% above HPI

28 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 28 PARK LANE sales from August 1995 and July 2005 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 1995 sale was for 161% above the HPI. So the extrapolation line tracks at 161% above the HPI over time, until the July 2005 sale, where it falls to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is 28 PARK LANE?

28 PARK LANE is 227m², which includes three extensions, according to the EPC inspection conducted in April 2024. This puts it in the largest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 28 PARK LANE lies on this distribution: 97% of detached houses are smaller than 28 PARK LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Norwich.

28 PARK LANE: Plot and Title Map

28 PARK LANE sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of 28 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 28 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 28 PARK LANE?

28 PARK LANE is located in NORWICH, in the NR2 postcode district. The below map shows the position of No. 28 on PARK LANE.