43, POUND LANE, NORWICH, NR7 0UN - £295,000

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.

43 POUND LANE is a small semi-detached house of 94m², built sometime between 1950 and 1966, which could now be worth an estimated £362,223. It was last sold for £295,000 in February 2020, which was around 32% above the average February 2020 semi-detached price in the Broadland local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

43 POUND LANE Sold Prices

Land registry data shows four sales for 43 POUND LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Broadland local authority area for the corresponding sale date. All of the four 43 POUND 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
2020 21 FEB	£295,000	£223,922	32% above HPI
2016 19 DEC	£278,000	£203,277	37% above HPI
2016 17 MAY	£218,000	£195,670	11% above HPI
2000 28 MAR	£79,950	£64,177	25% above HPI

43 POUND LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Broadland local authority area over time, sourced from the HPI. The four 43 POUND LANE sales between March 2000 and February 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 December 2016 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the February 2020 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 43 POUND LANE be worth now?

43 POUND LANE might now be worth an estimated £362,223.

This is based on house price inflation of 22.8%, between February 2020 and February 2025, for semi-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 22.8% inflationary increase is applied to the most recent sale price for 43 POUND LANE of £295,000 on 21st February 2020. For the value to have increased from £295,000 to £362,223 over the five years to February 2025, the following assumptions must hold true:

• The value of 43 POUND LANE has moved in line with the HPI for semi-detached houses in the Broadland local authority area.
• The February 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 43 POUND LANE has not materially changed since February 2020.

How Large is 43 POUND LANE?

43 POUND LANE is 94m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 40% of semi-detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Norwich, and where 43 POUND LANE lies on this distribution: 34% of semi-detached houses houses are smaller than 43 POUND LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Norwich.

43 POUND LANE: Plot and Title Map

43 POUND LANE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 43 POUND 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 43 POUND 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 43 POUND LANE?

43 POUND LANE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 43 on POUND LANE.