7, SCHOOL LANE, DEREHAM, NR19 1LR - £248,000

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 SCHOOL LANE is a small extended detached house of 98m², built sometime between 1950 and 1966. It was last sold for £248,000 in November 2020, which was around 21% below the average November 2020 detached price in the Breckland local authority area. The most recent EPC inspection was August 2017, where the current energy rating was E, and the potential energy rating was C.

7 SCHOOL LANE Sold Prices

Land registry data shows two sales for 7 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 Breckland local authority area for the corresponding sale date. Both of the two 7 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
2020 16 NOV	£248,000	£314,994	21% below HPI
2017 12 DEC	£230,000	£300,154	23% below HPI

7 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two 7 SCHOOL LANE sales from December 2017 and November 2020 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 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2020 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 7 SCHOOL LANE?

7 SCHOOL LANE is 98m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the smallest 40% of detached houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses by size in Dereham, and where 7 SCHOOL LANE lies on this distribution: 35% of detached houses are smaller than 7 SCHOOL LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Dereham.

7 SCHOOL LANE: Plot and Title Map

7 SCHOOL LANE sits on a plot of roughly 0.168 of an acre, or 678m². The below map shows the location of 7 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 7 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 7 SCHOOL LANE?

7 SCHOOL LANE is located in DEREHAM, in the NR19 postcode district. The below map shows the position of No. 7 on SCHOOL LANE.