41, RECTORY LANE, PORINGLAND, NORWICH, NR14 7ST - £240,000

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.

41 RECTORY LANE is a very small detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £308,450. It was last sold for £240,000 in July 2019, which was around 30% below the average July 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

41 RECTORY LANE Sold Prices

Land registry data shows three sales for 41 RECTORY 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. All of the three 41 RECTORY 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
2019 26 JUL	£240,000	£342,431	30% below HPI
2006 27 OCT	£201,000	£250,527	20% below HPI
2005 9 NOV	£155,000	£232,783	33% below HPI

41 RECTORY 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 41 RECTORY LANE sales between November 2005 and July 2019 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 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2019 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 41 RECTORY LANE be worth now?

41 RECTORY LANE might now be worth an estimated £308,450.

This is based on house price inflation of 28.5%, between July 2019 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 28.5% inflationary increase is applied to the most recent sale price for 41 RECTORY LANE of £240,000 on 26th July 2019. For the value to have increased from £240,000 to £308,450 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 41 RECTORY LANE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2019 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 41 RECTORY LANE has not materially changed since July 2019.

How Large is 41 RECTORY LANE?

41 RECTORY LANE is 77m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of detached houses houses in Poringland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Poringland, and where 41 RECTORY LANE lies on this distribution: 13% of detached houses houses are smaller than 41 RECTORY LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Poringland.

41 RECTORY LANE: Plot and Title Map

41 RECTORY LANE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 41 RECTORY 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 41 RECTORY 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 41 RECTORY LANE?

41 RECTORY LANE is located in PORINGLAND, in the NR14 postcode district. The below map shows the position of No. 41 on RECTORY LANE.