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

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

5 GEORGE LANE is a large detached house of 132m², built sometime between 1996 and 2002. It was last sold for £470,000 in November 2023, which was around 15% 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	£408,995	15% above HPI
2007 4 OCT	£299,950	£259,161	16% above HPI
2001 24 MAY	£40,000	£125,432	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 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the November 2023 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

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 in Acle, based on EPC data. The below chart shows the distribution of detached houses by size in Acle, and where 5 GEORGE LANE lies on this distribution: 77% of detached houses are smaller than 5 GEORGE LANE, and 21% 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.