FLAT, 142, THUNDER LANE, NORWICH, NR7 0AB - £320,000

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

FLAT is a very small extended detached house of 52m², built sometime between 1950 and 1966. It was last sold for £320,000 in June 2021, which was around 11% below the average June 2021 detached price in the Broadland local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was C.

FLAT Sold Prices

Land registry data shows three sales for FLAT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three FLAT 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
2021 10 JUN	£320,000	£361,326	11% below HPI
2003 14 MAR	£160,000	£185,905	14% below HPI
1998 27 MAR	£40,000	£80,714	50% below HPI

FLAT 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 three FLAT sales between March 1998 and June 2021 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 March 2003 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is FLAT?

FLAT is 52m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where FLAT lies on this distribution: 1% of detached houses are smaller than FLAT, and 99% of houses are larger. Note that EPC data is not available for all properties in Norwich.

FLAT: Plot and Title Map

FLAT sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of FLAT, 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 FLAT). 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 FLAT?

FLAT, 142 THUNDER LANE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 142 on THUNDER LANE.