5, MILL LOKE, HORNING, NORWICH, NR12 8AE - £275,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 MILL LOKE is a very small detached house of 79m², built sometime between 1976 and 1982. It was last sold for £275,000 in February 2022, which was around 35% below the average February 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

5 MILL LOKE Sold Prices

Land registry data shows two sales for 5 MILL LOKE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two 5 MILL LOKE 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
2022 1 FEB	£275,000	£426,083	35% below HPI
2002 17 MAY	£125,000	£147,049	15% below HPI

5 MILL LOKE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two 5 MILL LOKE sales from May 2002 and February 2022 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 May 2002 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 5 MILL LOKE?

5 MILL LOKE is 79m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 20% of detached houses in Horning, based on EPC data. The below chart shows the distribution of detached houses by size in Horning, and where 5 MILL LOKE lies on this distribution: 12% of detached houses are smaller than 5 MILL LOKE, and 88% of houses are larger. Note that EPC data is not available for all properties in Horning.

5 MILL LOKE: Plot and Title Map

5 MILL LOKE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 5 MILL LOKE, 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 MILL LOKE). 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 MILL LOKE?

5 MILL LOKE is located in HORNING, in the NR12 postcode district. The below map shows the position of No. 5 on MILL LOKE.