40, CHERRY TREE LANE, NORTH WALSHAM, NR28 0HS - £335,000

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

40 CHERRY TREE LANE is a very large detached house of 131m², built sometime between 1967 and 1975. It was last sold for £335,000 in November 2014, which was around 22% above the average November 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2023, where the current energy rating was E, and the potential energy rating was C.

40 CHERRY TREE LANE Sold Prices

Land registry data shows two sales for 40 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 40 CHERRY TREE LANE sales 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
2014 10 NOV	£335,000	£275,432	22% above HPI
1997 24 APR	£95,000	£71,956	32% above HPI

40 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 40 CHERRY TREE LANE sales from April 1997 and November 2014 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 April 1997 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the November 2014 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 40 CHERRY TREE LANE?

40 CHERRY TREE LANE is 131m² according to the EPC inspection conducted in May 2023. This puts it in the largest 20% 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 40 CHERRY TREE LANE lies on this distribution: 82% of detached houses are smaller than 40 CHERRY TREE LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

40 CHERRY TREE LANE: Plot and Title Map

40 CHERRY TREE LANE sits on a plot of roughly 0.469 of an acre, or 1,899m². The below map shows the location of 40 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 40 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 40 CHERRY TREE LANE?

40 CHERRY TREE LANE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 40 on CHERRY TREE LANE.