55, POUND LANE, NORWICH, NR7 0UN - £270,000

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

55 POUND LANE is a small detached house of 98m², built sometime between 1967 and 1975. It was last sold for £270,000 in October 2017, which was around 20% below the average October 2017 detached price in the Broadland local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

55 POUND LANE Sold Prices

Land registry data shows three sales for 55 POUND 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. All of the three 55 POUND 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
2017 20 OCT	£270,000	£337,422	20% below HPI
2007 18 JAN	£232,000	£247,596	6% below HPI
2004 16 JAN	£163,000	£194,683	16% below HPI

55 POUND 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 55 POUND LANE sales between January 2004 and October 2017 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 January 2007 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2017 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 55 POUND LANE?

55 POUND LANE is 98m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 55 POUND LANE lies on this distribution: 38% of detached houses are smaller than 55 POUND LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Norwich.

55 POUND LANE: Plot and Title Map

55 POUND LANE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 55 POUND 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 55 POUND 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 55 POUND LANE?

55 POUND LANE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 55 on POUND LANE.