47, LAUNDRY LANE, THORPE ST ANDREW, NORWICH, NR7 0XG - £550,000

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

47 LAUNDRY LANE is a very large extended detached house of 174m², built sometime between 1900 and 1929. It was last sold for £550,000 in March 2023, which was around 31% above the average March 2023 detached price in the Broadland local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was C.

47 LAUNDRY LANE Sold Prices

Land registry data shows two sales for 47 LAUNDRY 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 Broadland local authority area for the corresponding sale date. One of the two 47 LAUNDRY LANE sales was for above the average price, whilst the other 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
2023 20 MAR	£550,000	£419,774	31% above HPI
1997 1 AUG	£68,000	£80,236	15% below HPI

47 LAUNDRY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two 47 LAUNDRY LANE sales from August 1997 and March 2023 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 August 1997 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2023 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 47 LAUNDRY LANE?

47 LAUNDRY LANE is 174m², which includes three extensions, according to the EPC inspection conducted in November 2020. This puts it in the largest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 47 LAUNDRY LANE lies on this distribution: 90% of detached houses are smaller than 47 LAUNDRY LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Norwich.

47 LAUNDRY LANE: Plot and Title Map

47 LAUNDRY LANE sits on a plot of roughly 0.177 of an acre, or 718m². The below map shows the location of 47 LAUNDRY 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 47 LAUNDRY 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 47 LAUNDRY LANE?

47 LAUNDRY LANE is located in THORPE ST ANDREW, in the NR7 postcode district. The below map shows the position of No. 47 on LAUNDRY LANE.