53, SCHOOL LANE, LITTLE MELTON, NORWICH, NR9 3AE - £460,000

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

53 SCHOOL LANE is a small extended detached house of 112m², built sometime between 1967 and 1975. It was last sold for £460,000 in July 2022, which was around 14% above the average July 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was February 2022, where the current energy rating was E, and the potential energy rating was C.

53 SCHOOL LANE Sold Prices

Land registry data shows three sales for 53 SCHOOL 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 South Norfolk local authority area for the corresponding sale date. All of the three 53 SCHOOL LANE sales were for above 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 22 JUL	£460,000	£403,763	14% above HPI
2002 16 DEC	£210,000	£173,580	21% above HPI
1999 4 JAN	£117,000	£85,913	36% above HPI

53 SCHOOL LANE 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 three 53 SCHOOL LANE sales between January 1999 and July 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 December 2002 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the July 2022 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 53 SCHOOL LANE?

53 SCHOOL LANE is 112m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of detached houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Little Melton, and where 53 SCHOOL LANE lies on this distribution: 33% of detached houses are smaller than 53 SCHOOL LANE, and 67% of houses are larger. Note that EPC data is not available for all properties in Little Melton.

53 SCHOOL LANE: Plot and Title Map

53 SCHOOL LANE sits on a plot of roughly 0.236 of an acre, or 957m². The below map shows the location of 53 SCHOOL 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 53 SCHOOL 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 53 SCHOOL LANE?

53 SCHOOL LANE is located in LITTLE MELTON, in the NR9 postcode district. The below map shows the position of No. 53 on SCHOOL LANE.