8, BACK LANE, RACKHEATH, NORWICH, NR13 6NN - £253,500

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 semi-detached house of 128m², built sometime between 1967 and 1975. It was last sold for £253,500 in July 2015, which was around 9% below the average July 2015 detached price in the Broadland local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

8 BACK LANE Sold Prices

Land registry data shows two sales for 8 BACK 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 Broadland local authority area for the corresponding sale date. Both of the two 8 BACK 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
2015 31 JUL	£253,500	£278,512	9% below HPI
2003 23 SEP	£194,000	£198,807	2% below HPI

8 BACK 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 two 8 BACK LANE sales from September 2003 and July 2015 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 September 2003 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2015 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 8 BACK LANE?

8 BACK LANE is 128m² according to the EPC inspection conducted in June 2014. This puts it in the largest 40% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where 8 BACK LANE lies on this distribution: 67% of detached houses are smaller than 8 BACK LANE, and 32% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

8 BACK LANE: Plot and Title Map

8 BACK LANE sits on a plot of roughly 0.244 of an acre, or 989m². 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 RACKHEATH, in the NR13 postcode district. The below map shows the position of No. 8 on BACK LANE.