CHESTNUT HOUSE, RECTORY ROAD, LYNG, NORWICH, NR9 5RA - £300,000

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.

CHESTNUT HOUSE is a large extended detached house of 126m², built sometime between 1983 and 1990, which could now be worth an estimated £401,656. It was last sold for £300,000 in July 2016, which was around 8% above the average July 2016 detached price in the Breckland local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

CHESTNUT HOUSE Sold Prices

Land registry data shows four sales for CHESTNUT HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. The four CHESTNUT HOUSE sales were a mix of above the average price, and roughly equal to 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
2016 7 JUL	£300,000	£276,677	8% above HPI
2013 15 MAY	£232,000	£205,873	13% above HPI
1999 16 FEB	£79,000	£79,326	Close to HPI
1995 2 OCT	£78,500	£67,890	16% above HPI

CHESTNUT HOUSE 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 four CHESTNUT HOUSE sales between October 1995 and July 2016 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 May 2013 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the July 2016 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might CHESTNUT HOUSE be worth now?

CHESTNUT HOUSE might now be worth an estimated £401,656.

This is based on house price inflation of 33.9%, between July 2016 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.9% inflationary increase is applied to the most recent sale price for CHESTNUT HOUSE of £300,000 on 7th July 2016. For the value to have increased from £300,000 to £401,656 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of CHESTNUT HOUSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The July 2016 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of CHESTNUT HOUSE has not materially changed since July 2016.

How Large is CHESTNUT HOUSE?

CHESTNUT HOUSE is 126m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the largest 40% of detached houses houses in Lyng, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lyng, and where CHESTNUT HOUSE lies on this distribution: 70% of detached houses houses are smaller than CHESTNUT HOUSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Lyng.

CHESTNUT HOUSE: Plot and Title Map

CHESTNUT HOUSE sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of CHESTNUT HOUSE, 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 CHESTNUT HOUSE). 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 CHESTNUT HOUSE?

CHESTNUT HOUSE is located on RECTORY ROAD in LYNG, in the NR9 postcode district. The below map shows the position of CHESTNUT HOUSE on RECTORY ROAD.