45, NORRICE LEA, LONDON, N2 0RN - £2,225,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

45 NORRICE LEA is a midsized extended detached house of 276m², built sometime between 1930 and 1949. It was last sold for £2,225,000 in January 2019, which was around 81% above the average January 2019 detached price in the Barnet local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was C.

45 NORRICE LEA Sold Prices

Land registry data shows three sales for 45 NORRICE LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Barnet local authority area for the corresponding sale date. Two of the three 45 NORRICE LEA sales were for above the average price, whilst one was 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 4 JAN	£2,225,000	£1,228,641	81% above HPI
2002 12 NOV	£140,000	£545,542	74% below HPI
1998 29 OCT	£715,000	£305,309	134% above HPI

45 NORRICE LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Barnet local authority area over time, sourced from the HPI. The three 45 NORRICE LEA sales between October 1998 and January 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 November 2002 sale was for 74% below the HPI. So the extrapolation line tracks at 74% below the HPI over time, until the January 2019 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is 45 NORRICE LEA?

45 NORRICE LEA is 276m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 50% of detached houses in Hampstead, based on EPC data. The below chart shows the distribution of detached houses by size in Hampstead, and where 45 NORRICE LEA lies on this distribution: 55% of detached houses are smaller than 45 NORRICE LEA, and 44% of houses are larger. Note that EPC data is not available for all properties in Hampstead.

45 NORRICE LEA: Plot and Title Map

45 NORRICE LEA sits on a plot of roughly 0.174 of an acre, or 704m². The below map shows the location of 45 NORRICE LEA, 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 45 NORRICE LEA). 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 45 NORRICE LEA?

45 NORRICE LEA is located in LONDON, in the N2 postcode district. The below map shows the position of No. 45 on NORRICE LEA.