31, LAKELAND CLOSE, LITTLE PLUMSTEAD, NORWICH, NR13 5FF - £225,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 LAKELAND CLOSE is a large detached house of 129m², built sometime between 2003 and 2006, which could now be worth an estimated £408,635. It was last sold for £225,000 in January 2011, which was around 4% below the average January 2011 detached price in the Broadland local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

31 LAKELAND CLOSE Sold Prices

Land registry data shows two sales for 31 LAKELAND CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. One of the two 31 LAKELAND CLOSE sales was for below the average price, whilst the other was roughly equal to 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
2011 6 JAN	£225,000	£233,210	4% below HPI
2007 9 MAR	£249,995	£249,062	Close to HPI

31 LAKELAND CLOSE 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 two 31 LAKELAND CLOSE sales from March 2007 and January 2011 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 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2011 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 31 LAKELAND CLOSE be worth now?

31 LAKELAND CLOSE might now be worth an estimated £408,635.

This is based on house price inflation of 81.6%, between January 2011 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 81.6% inflationary increase is applied to the most recent sale price for 31 LAKELAND CLOSE of £225,000 on 6th January 2011. For the value to have increased from £225,000 to £408,635 over the thirteen years and eleven months to February 2025, the following assumptions must hold true:

• The value of 31 LAKELAND CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The January 2011 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 31 LAKELAND CLOSE has not materially changed since January 2011.

How Large is 31 LAKELAND CLOSE?

31 LAKELAND CLOSE is 129m² according to the EPC inspection conducted in May 2010. This puts it in the largest 40% of detached houses houses in Little Plumstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Little Plumstead, and where 31 LAKELAND CLOSE lies on this distribution: 63% of detached houses houses are smaller than 31 LAKELAND CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Little Plumstead.

31 LAKELAND CLOSE: Plot and Title Map

31 LAKELAND CLOSE sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of 31 LAKELAND CLOSE, 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 LAKELAND CLOSE). 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 LAKELAND CLOSE?

31 LAKELAND CLOSE is located in LITTLE PLUMSTEAD, in the NR13 postcode district. The below map shows the position of No. 31 on LAKELAND CLOSE.