5, OAKLANDS, FRAMINGHAM EARL, NORWICH, NR14 7QS - £300,000

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 OAKLANDS is a small detached house of 84m², built sometime between 1967 and 1975. It was last sold for £300,000 in January 2024, which was around 26% below the average January 2024 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was B.

5 OAKLANDS Sold Prices

Land registry data shows two sales for 5 OAKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two 5 OAKLANDS 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
2024 12 JAN	£300,000	£405,436	26% below HPI
2006 17 FEB	£175,500	£219,424	20% below HPI

5 OAKLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 5 OAKLANDS sales from February 2006 and January 2024 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 February 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2024 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 OAKLANDS?

5 OAKLANDS is 84m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 30% of detached houses in Framingham Earl, based on EPC data. The below chart shows the distribution of detached houses by size in Framingham Earl, and where 5 OAKLANDS lies on this distribution: 22% of detached houses are smaller than 5 OAKLANDS, and 77% of houses are larger. Note that EPC data is not available for all properties in Framingham Earl.

5 OAKLANDS: Plot and Title Map

5 OAKLANDS sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of 5 OAKLANDS, 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 OAKLANDS). 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 OAKLANDS?

5 OAKLANDS is located in FRAMINGHAM EARL, in the NR14 postcode district. The below map shows the position of No. 5 on OAKLANDS.