5, GEORGE LANE, ACLE, NORWICH, NR13 3DR - £470,000

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.

5 GEORGE LANE is a large detached house of 132m², built sometime between 1996 and 2002, which could now be worth an estimated £483,373. It was last sold for £470,000 in November 2023, which was around 14% above the average November 2023 detached price in the Broadland local authority area. The most recent EPC inspection was June 2023, where the current energy rating was A, and the potential energy rating was A.

5 GEORGE LANE Sold Prices

Land registry data shows three sales for 5 GEORGE 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 Broadland local authority area for the corresponding sale date. Two of the three 5 GEORGE LANE 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
2023 20 NOV	£470,000	£411,828	14% above HPI
2007 4 OCT	£299,950	£261,759	15% above HPI
2001 24 MAY	£40,000	£126,689	68% below HPI

5 GEORGE 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 three 5 GEORGE LANE sales between May 2001 and November 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 October 2007 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the November 2023 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 5 GEORGE LANE be worth now?

5 GEORGE LANE might now be worth an estimated £483,373.

This is based on house price inflation of 2.8%, between November 2023 and February 2025, for 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 2.8% inflationary increase is applied to the most recent sale price for 5 GEORGE LANE of £470,000 on 20th November 2023. For the value to have increased from £470,000 to £483,373 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 GEORGE LANE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2023 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GEORGE LANE has not materially changed since November 2023.

How Large is 5 GEORGE LANE?

5 GEORGE LANE is 132m² according to the EPC inspection conducted in June 2023. This puts it in the largest 30% of detached houses houses in Acle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Acle, and where 5 GEORGE LANE lies on this distribution: 77% of detached houses houses are smaller than 5 GEORGE LANE, and 22% of houses are larger. Note that EPC data is not available for all properties in Acle.

5 GEORGE LANE: Plot and Title Map

5 GEORGE LANE sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of 5 GEORGE 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 5 GEORGE 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 5 GEORGE LANE?

5 GEORGE LANE is located in ACLE, in the NR13 postcode district. The below map shows the position of No. 5 on GEORGE LANE.