GREYFRIARS, LOWER GLOBE LANE, BLOFIELD, NORWICH, NR13 4RJ - £296,000

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

GREYFRIARS is a very large extended detached house of 173m², built sometime between 1930 and 1949. It was last sold for £296,000 in December 2006, which was around 21% above the average December 2006 detached price in the Broadland local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

GREYFRIARS Sold Prices

Land registry data shows four sales for GREYFRIARS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Most of the four GREYFRIARS 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
2006 21 DEC	£296,000	£244,135	21% above HPI
2004 6 APR	£189,000	£198,019	5% below HPI
2001 9 MAR	£107,500	£121,289	11% below HPI
1999 15 OCT	£79,000	£93,990	16% below HPI

GREYFRIARS 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 four GREYFRIARS sales between October 1999 and December 2006 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 April 2004 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2006 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is GREYFRIARS?

GREYFRIARS is 173m², which includes two extensions, according to the EPC inspection conducted in September 2021. This puts it in the largest 20% of detached houses in Blofield, based on EPC data. The below chart shows the distribution of detached houses by size in Blofield, and where GREYFRIARS lies on this distribution: 84% of detached houses are smaller than GREYFRIARS, and 16% of houses are larger. Note that EPC data is not available for all properties in Blofield.

GREYFRIARS: Plot and Title Map

GREYFRIARS sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of GREYFRIARS, 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 GREYFRIARS). 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 GREYFRIARS?

GREYFRIARS is located on LOWER GLOBE LANE in BLOFIELD, in the NR13 postcode district. The below map shows the position of GREYFRIARS on LOWER GLOBE LANE.