31, CHERRY TREE LANE, NORTH WALSHAM, NR28 0HR - £269,000

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

31 CHERRY TREE LANE is a small extended detached house of 83m², built sometime between 1950 and 1966. It was last sold for £269,000 in February 2017, which was around 15% below the average February 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

31 CHERRY TREE LANE Sold Prices

Land registry data shows two sales for 31 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 31 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
2017 20 FEB	£269,000	£318,001	15% below HPI
2006 13 FEB	£100,000	£218,439	54% below HPI

31 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 31 CHERRY TREE LANE sales from February 2006 and February 2017 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 February 2006 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the February 2017 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 31 CHERRY TREE LANE?

31 CHERRY TREE LANE is 83m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 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 31 CHERRY TREE LANE lies on this distribution: 27% of detached houses are smaller than 31 CHERRY TREE LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

31 CHERRY TREE LANE: Plot and Title Map

31 CHERRY TREE LANE sits on a plot of roughly 0.144 of an acre, or 584m². The below map shows the location of 31 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 31 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 31 CHERRY TREE LANE?

31 CHERRY TREE LANE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 31 on CHERRY TREE LANE.