ALLWOOD, QUARRY LANE, LYNG, NORWICH, NR9 5RS - £255,000

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

ALLWOOD is a midsized extended detached house of 101m², built sometime between 1983 and 1990. It was last sold for £255,000 in October 2018, which was around 15% below the average October 2018 detached price in the Breckland local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was C.

ALLWOOD Sold Prices

Land registry data shows three sales for ALLWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three ALLWOOD 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
2018 26 OCT	£255,000	£301,516	15% below HPI
2010 2 SEP	£160,000	£214,634	25% below HPI
1998 20 MAY	£57,000	£75,146	24% below HPI

ALLWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three ALLWOOD sales between May 1998 and October 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 September 2010 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2018 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is ALLWOOD?

ALLWOOD is 101m², which includes two extensions, according to the EPC inspection conducted in August 2018. This puts it in the largest 50% of detached houses in Lyng, based on EPC data. The below chart shows the distribution of detached houses by size in Lyng, and where ALLWOOD lies on this distribution: 50% of detached houses are smaller than ALLWOOD, and 48% of houses are larger. Note that EPC data is not available for all properties in Lyng.

ALLWOOD: Plot and Title Map

ALLWOOD sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of ALLWOOD, 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 ALLWOOD). 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 ALLWOOD?

ALLWOOD is located on QUARRY LANE in LYNG, in the NR9 postcode district. The below map shows the position of ALLWOOD on QUARRY LANE.