7, SCHOOL LANE, LITTLE MELTON, NORWICH, NR9 3NL - £460,000

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

7 SCHOOL LANE is a small extended detached house of 123m², built sometime before 1900. It was last sold for £460,000 in May 2022, which was around 15% above the average May 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was November 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 South Norfolk local authority area for the corresponding sale date. Both of the two 7 SCHOOL LANE sales were for above 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
2022 27 MAY	£460,000	£400,914	15% above HPI
2010 30 NOV	£395,000	£237,320	66% above HPI

7 SCHOOL 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 SCHOOL LANE sales from November 2010 and May 2022 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 November 2010 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the May 2022 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 7 SCHOOL LANE?

7 SCHOOL LANE is 123m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the smallest 40% of detached houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Little Melton, and where 7 SCHOOL LANE lies on this distribution: 38% of detached houses are smaller than 7 SCHOOL LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Little Melton.

7 SCHOOL LANE: Plot and Title Map

7 SCHOOL LANE sits on a plot of roughly 0.406 of an acre, or 1,643m². 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 LITTLE MELTON, in the NR9 postcode district. The below map shows the position of No. 7 on SCHOOL LANE.