8, GREEN LANE WEST, RACKHEATH, NORWICH, NR13 6PG - £485,000

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 GREEN LANE WEST is a midsized extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £485,000 in November 2022, which was around 14% above the average November 2022 detached price in the Broadland local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

8 GREEN LANE WEST Sold Prices

Land registry data shows two sales for 8 GREEN LANE WEST 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. One of the two 8 GREEN LANE WEST sales was for above the average price, whilst the other was 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
2022 4 NOV	£485,000	£426,292	14% above HPI
2020 17 FEB	£225,000	£344,069	35% below HPI

8 GREEN LANE WEST 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 GREEN LANE WEST sales from February 2020 and November 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 February 2020 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2022 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 8 GREEN LANE WEST?

8 GREEN LANE WEST is 114m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 50% 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 GREEN LANE WEST lies on this distribution: 55% of detached houses are smaller than 8 GREEN LANE WEST, and 45% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

8 GREEN LANE WEST: Plot and Title Map

8 GREEN LANE WEST sits on a plot of roughly 0.172 of an acre, or 698m². The below map shows the location of 8 GREEN LANE WEST, 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 GREEN LANE WEST). 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 GREEN LANE WEST?

8 GREEN LANE WEST is located in RACKHEATH, in the NR13 postcode district. The below map shows the position of No. 8 on GREEN LANE WEST.