98, MILE CROSS LANE, NORWICH, NR6 6SH - £213,000

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

98 MILE CROSS LANE is a very small extended detached house of 75m², built sometime between 1950 and 1966. It was last sold for £213,000 in April 2021, which was around 46% below the average April 2021 detached price in the Norwich local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

98 MILE CROSS LANE Sold Prices

Land registry data shows two sales for 98 MILE CROSS 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 Norwich local authority area for the corresponding sale date. Both of the two 98 MILE CROSS 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
2021 30 APR	£213,000	£394,357	46% below HPI
1997 4 JUL	£52,500	£83,664	37% below HPI

98 MILE CROSS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 98 MILE CROSS LANE sales from July 1997 and April 2021 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 July 1997 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the April 2021 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 98 MILE CROSS LANE?

98 MILE CROSS LANE is 75m², which includes two extensions, according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 98 MILE CROSS LANE lies on this distribution: 13% of detached houses are smaller than 98 MILE CROSS LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in Norwich.

98 MILE CROSS LANE: Plot and Title Map

98 MILE CROSS LANE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 98 MILE CROSS 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 98 MILE CROSS 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 98 MILE CROSS LANE?

98 MILE CROSS LANE is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 98 on MILE CROSS LANE.