2A, LAMBERT ROAD, NORWICH, NR7 8XP - £360,000

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

2A LAMBERT ROAD is a very small detached house of 79m², built sometime between 1996 and 2002. It was last sold for £360,000 in August 2022, which was around 15% below the average August 2022 detached price in the Broadland local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

2A LAMBERT ROAD Sold Prices

Land registry data shows four sales for 2A LAMBERT ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 2A LAMBERT ROAD 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 31 AUG	£360,000	£423,514	15% below HPI
2017 18 AUG	£272,500	£334,267	18% below HPI
2015 21 DEC	£215,000	£296,371	27% below HPI
2009 17 DEC	£185,000	£226,937	18% below HPI

2A LAMBERT ROAD 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 four 2A LAMBERT ROAD sales between December 2009 and August 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 August 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2A LAMBERT ROAD?

2A LAMBERT ROAD is 79m² according to the EPC inspection conducted in January 2022. 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 2A LAMBERT ROAD lies on this distribution: 17% of detached houses are smaller than 2A LAMBERT ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2A LAMBERT ROAD: Plot and Title Map

2A LAMBERT ROAD sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 2A LAMBERT ROAD, 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 2A LAMBERT ROAD). 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 2A LAMBERT ROAD?

2A LAMBERT ROAD is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 2A on LAMBERT ROAD.