LUCERNE, BRUMSTEAD ROAD, STALHAM, NORWICH, NR12 9BJ - £197,500

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

LUCERNE is a very small detached house of 72m², built sometime between 1950 and 1966. It was last sold for £197,500 in June 2007, which was around 18% below the average June 2007 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was B.

LUCERNE Sold Prices

Land registry data shows two sales for LUCERNE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two LUCERNE 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
2007 7 JUN	£197,500	£241,149	18% below HPI
1998 12 NOV	£64,000	£83,413	23% below HPI

LUCERNE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two LUCERNE sales from November 1998 and June 2007 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 November 1998 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2007 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is LUCERNE?

LUCERNE is 72m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 20% of detached houses in Stalham, based on EPC data. The below chart shows the distribution of detached houses by size in Stalham, and where LUCERNE lies on this distribution: 18% of detached houses are smaller than LUCERNE, and 82% of houses are larger. Note that EPC data is not available for all properties in Stalham.

LUCERNE: Plot and Title Map

LUCERNE sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of LUCERNE, 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 LUCERNE). 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 LUCERNE?

LUCERNE is located on BRUMSTEAD ROAD in STALHAM, in the NR12 postcode district. The below map shows the position of LUCERNE on BRUMSTEAD ROAD.