8B, CHAPEL LANE, NORWICH, NR7 0EX - £210,000

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

8B CHAPEL LANE is a very small detached house of 71m², built sometime between 1976 and 1982. It was last sold for £210,000 in November 2019, which was around 38% below the average November 2019 detached price in the Broadland local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

8B CHAPEL LANE Sold Prices

Land registry data shows two sales for 8B CHAPEL 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 8B CHAPEL 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
2019 29 NOV	£210,000	£338,659	38% below HPI
1999 25 JUN	£66,600	£90,114	26% below HPI

8B CHAPEL 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 8B CHAPEL LANE sales from June 1999 and November 2019 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 June 1999 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2019 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 8B CHAPEL LANE?

8B CHAPEL LANE is 71m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 8B CHAPEL LANE lies on this distribution: 10% of detached houses are smaller than 8B CHAPEL LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Norwich.

8B CHAPEL LANE: Plot and Title Map

8B CHAPEL LANE sits on a plot of roughly 0.013 of an acre, or 53m². The below map shows the location of 8B CHAPEL 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 8B CHAPEL 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 8B CHAPEL LANE?

8B CHAPEL LANE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 8B on CHAPEL LANE.