CHESTNUT LODGE, FOLGATE LANE, COSTESSEY, NORWICH, NR8 5EF - £375,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

CHESTNUT LODGE is a very large extended detached house of 179m², built sometime between 1996 and 2002. It was last sold for £375,000 in September 2012, which was around 59% above the average September 2012 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

CHESTNUT LODGE Sold Prices

Land registry data shows two sales for CHESTNUT LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. One of the two CHESTNUT LODGE sales was for above the average price, whilst the other was 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
2012 3 SEP	£375,000	£236,545	59% above HPI
1997 12 SEP	£60,000	£78,704	24% below HPI

CHESTNUT LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two CHESTNUT LODGE sales from September 1997 and September 2012 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 1997 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2012 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

How Large is CHESTNUT LODGE?

CHESTNUT LODGE is 179m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the largest 20% of detached houses in Costessey, based on EPC data. The below chart shows the distribution of detached houses by size in Costessey, and where CHESTNUT LODGE lies on this distribution: 82% of detached houses are smaller than CHESTNUT LODGE, and 18% of houses are larger. Note that EPC data is not available for all properties in Costessey.

CHESTNUT LODGE: Plot and Title Map

CHESTNUT LODGE sits on a plot of roughly 0.298 of an acre, or 1,204m². The below map shows the location of CHESTNUT 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 CHESTNUT 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 CHESTNUT LODGE?

CHESTNUT LODGE is located on FOLGATE LANE in COSTESSEY, in the NR8 postcode district. The below map shows the position of CHESTNUT LODGE on FOLGATE LANE.