59, POUND LANE, NORWICH, NR7 0UN - £271,000

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

59 POUND LANE is a midsized extended detached house of 108m², built sometime between 1950 and 1966. It was last sold for £271,000 in January 2018, which was around 18% below the average January 2018 detached price in the Broadland local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

59 POUND LANE Sold Prices

Land registry data shows two sales for 59 POUND 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 59 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
2018 12 JAN	£271,000	£330,588	18% below HPI
1997 7 MAR	£59,000	£75,224	22% below HPI

59 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 two 59 POUND LANE sales from March 1997 and January 2018 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 March 1997 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the January 2018 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 59 POUND LANE?

59 POUND LANE is 108m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the smallest 50% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 59 POUND LANE lies on this distribution: 49% of detached houses are smaller than 59 POUND LANE, and 50% of houses are larger. Note that EPC data is not available for all properties in Norwich.

59 POUND LANE: Plot and Title Map

59 POUND LANE sits on a plot of roughly 0.172 of an acre, or 696m². The below map shows the location of 59 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 59 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 59 POUND LANE?

59 POUND LANE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 59 on POUND LANE.