7, CHAPEL LANE, NORWICH, NR7 0EX - £265,000

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

7 CHAPEL LANE is a small extended detached house of 85m², built sometime before 1900. It was last sold for £265,000 in November 2023, which was around 35% below the average November 2023 detached price in the Broadland local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was C.

7 CHAPEL LANE Sold Prices

Land registry data shows three sales for 7 CHAPEL 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 7 CHAPEL 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 10 NOV	£265,000	£408,003	35% below HPI
2014 8 DEC	£262,500	£270,785	3% below HPI
2006 1 DEC	£177,000	£244,135	27% below HPI

7 CHAPEL 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 7 CHAPEL LANE sales between December 2006 and November 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 December 2014 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2023 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 7 CHAPEL LANE?

7 CHAPEL LANE is 85m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 30% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 7 CHAPEL LANE lies on this distribution: 23% of detached houses are smaller than 7 CHAPEL LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 CHAPEL LANE: Plot and Title Map

7 CHAPEL LANE sits on a plot of roughly 0.026 of an acre, or 104m². The below map shows the location of 7 CHAPEL 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 CHAPEL 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 CHAPEL LANE?

7 CHAPEL LANE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 7 on CHAPEL LANE.