5, HALL LANE, DRAYTON, NORWICH, NR8 6DS - £263,500

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 HALL LANE is a very small extended detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £307,828. It was last sold for £263,500 in November 2020, which was around 27% below the average November 2020 detached price in the Broadland local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

5 HALL LANE Sold Prices

Land registry data shows two sales for 5 HALL 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. Both of the two 5 HALL LANE sales were 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
2020 20 NOV	£263,500	£362,554	27% below HPI
2016 29 SEP	£214,000	£318,495	33% below HPI

5 HALL 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 5 HALL LANE sales from September 2016 and November 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 September 2016 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2020 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 5 HALL LANE be worth now?

5 HALL LANE might now be worth an estimated £307,828.

This is based on house price inflation of 16.8%, between November 2020 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 16.8% inflationary increase is applied to the most recent sale price for 5 HALL LANE of £263,500 on 20th November 2020. For the value to have increased from £263,500 to £307,828 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 HALL LANE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2020 sale price of £263,500 represented a fair market value for the property.
• The size, condition, and specification of 5 HALL LANE has not materially changed since November 2020.

How Large is 5 HALL LANE?

5 HALL LANE is 78m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses houses in Drayton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Drayton, and where 5 HALL LANE lies on this distribution: 8% of detached houses houses are smaller than 5 HALL LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Drayton.

5 HALL LANE: Plot and Title Map

5 HALL LANE sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 5 HALL 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 HALL 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 HALL LANE?

5 HALL LANE is located in DRAYTON, in the NR8 postcode district. The below map shows the position of No. 5 on HALL LANE.