FAILTE, PACK LANE, LINGWOOD, NORWICH, NR13 4PD - £240,000

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

FAILTE is a large extended detached house of 123m², built sometime between 1900 and 1929. It was last sold for £240,000 in April 2015, which was around 14% below the average April 2015 detached price in the Broadland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was B.

FAILTE Sold Prices

Land registry data shows two sales for FAILTE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two FAILTE 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
2015 10 APR	£240,000	£278,749	14% below HPI
2014 7 FEB	£192,500	£252,023	24% below HPI

FAILTE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two FAILTE sales from February 2014 and April 2015 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 February 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2015 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is FAILTE?

FAILTE is 123m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the largest 40% of detached houses in Lingwood, based on EPC data. The below chart shows the distribution of detached houses by size in Lingwood, and where FAILTE lies on this distribution: 66% of detached houses are smaller than FAILTE, and 33% of houses are larger. Note that EPC data is not available for all properties in Lingwood.

FAILTE: Plot and Title Map

FAILTE sits on a plot of roughly 0.153 of an acre, or 620m². The below map shows the location of FAILTE, 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 FAILTE). 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 FAILTE?

FAILTE is located on PACK LANE in LINGWOOD, in the NR13 postcode district. The below map shows the position of FAILTE on PACK LANE.