8, LODGE PLACE, NORWICH, NR7 0LA - £695,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 LODGE PLACE is a very large extended detached house of 215m², built sometime between 1983 and 1990, which could now be worth an estimated £882,409. It was last sold for £695,000 in February 2018, which was around 108% above the average February 2018 detached price in the Broadland local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

8 LODGE PLACE Sold Prices

Land registry data shows two sales for 8 LODGE PLACE 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 LODGE PLACE 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
2018 28 FEB	£695,000	£333,592	108% above HPI
2011 1 NOV	£500,000	£235,593	112% above HPI

8 LODGE PLACE 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 LODGE PLACE sales from November 2011 and February 2018 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 2011 sale was for 112% above the HPI. So the extrapolation line tracks at 112% above the HPI over time, until the February 2018 sale, where it falls to 108% above the HPI. The line then continues to track at 108% above the HPI.

What might 8 LODGE PLACE be worth now?

8 LODGE PLACE might now be worth an estimated £882,409.

This is based on house price inflation of 27%, between February 2018 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27% inflationary increase is applied to the most recent sale price for 8 LODGE PLACE of £695,000 on 28th February 2018. For the value to have increased from £695,000 to £882,409 over the seven years to February 2025, the following assumptions must hold true:

• The value of 8 LODGE PLACE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The February 2018 sale price of £695,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LODGE PLACE has not materially changed since February 2018.

How Large is 8 LODGE PLACE?

8 LODGE PLACE is 215m², which includes three extensions, according to the EPC inspection conducted in October 2017. This puts it in the largest 10% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 8 LODGE PLACE lies on this distribution: 96% of detached houses houses are smaller than 8 LODGE PLACE, and 4% of houses are larger. Note that EPC data is not available for all properties in Norwich.

8 LODGE PLACE: Plot and Title Map

8 LODGE PLACE sits on a plot of roughly 0.518 of an acre, or 2,096m². The below map shows the location of 8 LODGE PLACE, 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 LODGE PLACE). 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 LODGE PLACE?

8 LODGE PLACE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 8 on LODGE PLACE.