3A, GEORGE LANE, LODDON, NORWICH, NR14 6NB - £325,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3A GEORGE LANE is a very small detached house of 87m², built sometime between 2003 and 2006, which could now be worth an estimated £395,115. It was last sold for £325,000 in July 2020, which was around 10% below the average July 2020 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2011, where the current energy rating was C, and the potential energy rating was C.

3A GEORGE LANE Sold Prices

Land registry data shows three sales for 3A GEORGE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. The three 3A GEORGE LANE sales were a mix of below the average price, and 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
2020 14 JUL	£325,000	£361,998	10% below HPI
2012 6 NOV	£220,000	£247,132	11% below HPI
2003 22 JUL	£195,000	£195,356	Close to HPI

3A GEORGE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three 3A GEORGE LANE sales between July 2003 and July 2020 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 November 2012 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 3A GEORGE LANE be worth now?

3A GEORGE LANE might now be worth an estimated £395,115.

This is based on house price inflation of 21.6%, between July 2020 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.6% inflationary increase is applied to the most recent sale price for 3A GEORGE LANE of £325,000 on 14th July 2020. For the value to have increased from £325,000 to £395,115 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 3A GEORGE LANE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 3A GEORGE LANE has not materially changed since July 2020.

How Large is 3A GEORGE LANE?

3A GEORGE LANE is 87m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 20% of detached houses houses in Loddon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loddon, and where 3A GEORGE LANE lies on this distribution: 16% of detached houses houses are smaller than 3A GEORGE LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Loddon.

3A GEORGE LANE: Plot and Title Map

3A GEORGE LANE sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 3A GEORGE 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 3A GEORGE 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 3A GEORGE LANE?

3A GEORGE LANE is located in LODDON, in the NR14 postcode district. The below map shows the position of No. 3A on GEORGE LANE.