BANKURA LODGE, NORWICH ROAD, LUDHAM, GREAT YARMOUTH, NR29 5QD - £425,000

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

BANKURA LODGE is a very large extended detached house of 165m², built sometime between 1900 and 1929. It was last sold for £425,000 in October 2014, which was around 57% above the average October 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was B.

BANKURA LODGE Sold Prices

Land registry data shows three sales for BANKURA LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three BANKURA LODGE 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
2014 31 OCT	£425,000	£270,209	57% above HPI
2008 12 JUN	£450,000	£245,037	84% above HPI
1997 16 APR	£137,000	£71,956	90% above HPI

BANKURA LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three BANKURA LODGE sales between April 1997 and October 2014 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 2008 sale was for 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the October 2014 sale, where it falls to 57% above the HPI. The line then continues to track at 57% above the HPI.

How Large is BANKURA LODGE?

BANKURA LODGE is 165m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 20% of detached houses in Ludham, based on EPC data. The below chart shows the distribution of detached houses by size in Ludham, and where BANKURA LODGE lies on this distribution: 85% of detached houses are smaller than BANKURA LODGE, and 15% of houses are larger. Note that EPC data is not available for all properties in Ludham.

BANKURA LODGE: Plot and Title Map

BANKURA LODGE sits on a plot of roughly 0.366 of an acre, or 1,483m². The below map shows the location of BANKURA LODGE, 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 BANKURA LODGE). 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 BANKURA LODGE?

BANKURA LODGE is located on NORWICH ROAD in LUDHAM, in the NR29 postcode district. The below map shows the position of BANKURA LODGE on NORWICH ROAD.