68, SCHOOL LANE, SPROWSTON, NORWICH, NR7 8TQ - £375,000

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

68 SCHOOL LANE is a very small detached house of 77m², built sometime between 1900 and 1929. It was last sold for £375,000 in August 2023, which was around 9% below the average August 2023 detached price in the Broadland local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

68 SCHOOL LANE Sold Prices

Land registry data shows two sales for 68 SCHOOL 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 68 SCHOOL 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
2023 31 AUG	£375,000	£411,602	9% below HPI
2003 10 JAN	£115,000	£181,322	37% below HPI

68 SCHOOL 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 68 SCHOOL LANE sales from January 2003 and August 2023 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 2003 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2023 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 68 SCHOOL LANE?

68 SCHOOL LANE is 77m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 68 SCHOOL LANE lies on this distribution: 15% of detached houses are smaller than 68 SCHOOL LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Norwich.

68 SCHOOL LANE: Plot and Title Map

68 SCHOOL LANE sits on a plot of roughly 0.260 of an acre, or 1,052m². The below map shows the location of 68 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 68 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 68 SCHOOL LANE?

68 SCHOOL LANE is located in SPROWSTON, in the NR7 postcode district. The below map shows the position of No. 68 on SCHOOL LANE.