7, BEARS LANE, HINGHAM, NORWICH, NR9 4LL - £417,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 BEARS LANE is a midsized extended detached house of 104m², built sometime between 1950 and 1966, which could now be worth an estimated £456,203. It was last sold for £417,000 in November 2021, which was around 4% above the average November 2021 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was F, and the potential energy rating was C.

7 BEARS LANE Sold Prices

Land registry data shows two sales for 7 BEARS 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 South Norfolk local authority area for the corresponding sale date. One of the two 7 BEARS LANE sales was for above the average price, whilst the other was 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
2021 19 NOV	£417,000	£402,276	4% above HPI
2020 12 AUG	£305,000	£363,467	16% below HPI

7 BEARS 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 two 7 BEARS LANE sales from August 2020 and November 2021 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 August 2020 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2021 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 7 BEARS LANE be worth now?

7 BEARS LANE might now be worth an estimated £456,203.

This is based on house price inflation of 9.4%, between November 2021 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.4% inflationary increase is applied to the most recent sale price for 7 BEARS LANE of £417,000 on 19th November 2021. For the value to have increased from £417,000 to £456,203 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 BEARS LANE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The November 2021 sale price of £417,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BEARS LANE has not materially changed since November 2021.

How Large is 7 BEARS LANE?

7 BEARS LANE is 104m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 50% of detached houses houses in Hingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hingham, and where 7 BEARS LANE lies on this distribution: 51% of detached houses houses are smaller than 7 BEARS LANE, and 48% of houses are larger. Note that EPC data is not available for all properties in Hingham.

7 BEARS LANE: Plot and Title Map

7 BEARS LANE sits on a plot of roughly 0.428 of an acre, or 1,731m². The below map shows the location of 7 BEARS 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 7 BEARS 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 7 BEARS LANE?

7 BEARS LANE is located in HINGHAM, in the NR9 postcode district. The below map shows the position of No. 7 on BEARS LANE.