NEW BUNGALOW, LANCASTER CLOSE, STALHAM, NORWICH, NR12 9PW - £193,000

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

NEW BUNGALOW is a small extended detached house of 80m², built sometime between 1983 and 1990. It was last sold for £193,000 in September 2019, which was around 45% below the average September 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2024, where the current energy rating was B, and the potential energy rating was B.

NEW BUNGALOW Sold Prices

Land registry data shows two sales for NEW BUNGALOW 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 NEW BUNGALOW 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
2019 12 SEP	£193,000	£350,999	45% below HPI
2005 22 AUG	£145,000	£227,200	36% below HPI

NEW BUNGALOW 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 NEW BUNGALOW sales from August 2005 and September 2019 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 August 2005 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2019 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is NEW BUNGALOW?

NEW BUNGALOW is 80m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the smallest 30% of detached houses in Stalham, based on EPC data. The below chart shows the distribution of detached houses by size in Stalham, and where NEW BUNGALOW lies on this distribution: 26% of detached houses are smaller than NEW BUNGALOW, and 73% of houses are larger. Note that EPC data is not available for all properties in Stalham.

NEW BUNGALOW: Plot and Title Map

NEW BUNGALOW sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of NEW BUNGALOW, 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 NEW BUNGALOW). 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 NEW BUNGALOW?

NEW BUNGALOW is located on LANCASTER CLOSE in STALHAM, in the NR12 postcode district. The below map shows the position of NEW BUNGALOW on LANCASTER CLOSE.