7A, RECTORY LANE, CHEDGRAVE, NORWICH, NR14 6NE - £565,000

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

7A RECTORY LANE is a very large extended detached house of 206m², built sometime from 2007 onwards. It was last sold for £565,000 in April 2021, which was around 55% above the average April 2021 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

7A RECTORY LANE Sold Prices

Land registry data shows two sales for 7A RECTORY 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 7A RECTORY 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
2021 15 APR	£565,000	£365,171	55% above HPI
2009 27 FEB	£390,000	£212,900	83% above HPI

7A RECTORY 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 7A RECTORY LANE sales from February 2009 and April 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 February 2009 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the April 2021 sale, where it falls to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is 7A RECTORY LANE?

7A RECTORY LANE is 206m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 20% of detached houses in Chedgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Chedgrave, and where 7A RECTORY LANE lies on this distribution: 86% of detached houses are smaller than 7A RECTORY LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Chedgrave.

7A RECTORY LANE: Plot and Title Map

7A RECTORY LANE sits on a plot of roughly 0.165 of an acre, or 670m². The below map shows the location of 7A RECTORY 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 7A RECTORY 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 7A RECTORY LANE?

7A RECTORY LANE is located in CHEDGRAVE, in the NR14 postcode district. The below map shows the position of No. 7A on RECTORY LANE.