MEECHING HOUSE, GREYHOUND LANE, BANHAM, NORWICH, NR16 2HT - £425,000

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

MEECHING HOUSE is a large extended detached house of 130m², built sometime between 1976 and 1982. It was last sold for £425,000 in January 2023, which was around 12% above the average January 2023 detached price in the Breckland local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was A.

MEECHING HOUSE Sold Prices

Land registry data shows three sales for MEECHING HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three MEECHING 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
2023 24 JAN	£425,000	£380,629	12% above HPI
2004 30 SEP	£250,000	£189,097	32% above HPI
2003 5 JUN	£207,000	£164,206	26% above HPI

MEECHING 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 three MEECHING HOUSE sales between June 2003 and January 2023 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 September 2004 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the January 2023 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is MEECHING HOUSE?

MEECHING HOUSE is 130m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the largest 40% of detached houses in Banham, based on EPC data. The below chart shows the distribution of detached houses by size in Banham, and where MEECHING HOUSE lies on this distribution: 64% of detached houses are smaller than MEECHING HOUSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Banham.

MEECHING HOUSE: Plot and Title Map

MEECHING HOUSE sits on a plot of roughly 0.210 of an acre, or 849m². The below map shows the location of MEECHING 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 MEECHING 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 MEECHING HOUSE?

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