8, BACK LANE, MARTHAM, GREAT YARMOUTH, NR29 4PE - £350,000

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

8 BACK LANE is a large detached house of 113m², built sometime from 2007 onwards. It was last sold for £350,000 in March 2023, which was around 7% above the average March 2023 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

8 BACK LANE Sold Prices

Land registry data shows three sales for 8 BACK 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 Great Yarmouth local authority area for the corresponding sale date. All of the three 8 BACK 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
2023 3 MAR	£350,000	£327,438	7% above HPI
2018 19 NOV	£275,000	£259,899	6% above HPI
2016 7 JUL	£257,500	£221,489	16% above HPI

8 BACK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The three 8 BACK LANE sales between July 2016 and March 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 November 2018 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2023 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 8 BACK LANE?

8 BACK LANE is 113m² according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses in Martham, based on EPC data. The below chart shows the distribution of detached houses by size in Martham, and where 8 BACK LANE lies on this distribution: 70% of detached houses are smaller than 8 BACK LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Martham.

8 BACK LANE: Plot and Title Map

8 BACK LANE sits on a plot of roughly 0.095 of an acre, or 384m². The below map shows the location of 8 BACK 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 8 BACK 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 8 BACK LANE?

8 BACK LANE is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 8 on BACK LANE.