4, WELL LOKE, NORWICH, NR3 2SP - £150,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 WELL LOKE is a small detached house of 86m², built sometime from 2007 onwards. It was last sold for £150,000 in April 2006, which was around 37% below the average April 2006 detached price in the Norwich local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

4 WELL LOKE Sold Prices

Land registry data shows four sales for 4 WELL LOKE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. two of the four 4 WELL LOKE sales were for below the average price, and four 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
2006 7 APR	£150,000	£238,283	37% below HPI
2001 31 OCT	£40,000	£142,634	72% below HPI
1997 10 NOV	£120,000	£86,199	39% above HPI
1996 15 MAY	£125,000	£76,520	63% above HPI

4 WELL LOKE 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 four 4 WELL LOKE sales between May 1996 and April 2006 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 October 2001 sale was for 72% below the HPI. So the extrapolation line tracks at 72% below the HPI over time, until the April 2006 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 4 WELL LOKE?

4 WELL LOKE is 86m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 4 WELL LOKE lies on this distribution: 24% of detached houses are smaller than 4 WELL LOKE, and 74% of houses are larger. Note that EPC data is not available for all properties in Norwich.

4 WELL LOKE: Plot and Title Map

4 WELL LOKE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 4 WELL LOKE, 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 4 WELL LOKE). 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 4 WELL LOKE?

4 WELL LOKE is located in NORWICH, in the NR3 postcode district. The below map shows the position of No. 4 on WELL LOKE.