FALCON HOUSE, WASH LANE, BANHAM, NORWICH, NR16 2HD - £250,000

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

FALCON HOUSE is a very large detached house of 157m², built sometime between 1983 and 1990. It was last sold for £250,000 in September 2008, which was around 18% above the average September 2008 detached price in the Breckland local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was A.

FALCON HOUSE Sold Prices

Land registry data shows two sales for FALCON HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two FALCON HOUSE 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
2008 26 SEP	£250,000	£211,375	18% above HPI
2004 16 JUL	£265,000	£192,190	38% above HPI

FALCON 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 two FALCON HOUSE sales from July 2004 and September 2008 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 July 2004 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the September 2008 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is FALCON HOUSE?

FALCON HOUSE is 157m² according to the EPC inspection conducted in March 2015. This puts it in the largest 20% of detached houses in Banham, based on EPC data. The below chart shows the distribution of detached houses by size in Banham, and where FALCON HOUSE lies on this distribution: 81% of detached houses are smaller than FALCON HOUSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Banham.

FALCON HOUSE: Plot and Title Map

FALCON HOUSE sits on a plot of roughly 0.155 of an acre, or 628m². The below map shows the location of FALCON 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 FALCON 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 FALCON HOUSE?

FALCON HOUSE is located on WASH LANE in BANHAM, in the NR16 postcode district. The below map shows the position of FALCON HOUSE on WASH LANE.