NORWOOD LODGE, OLD BREWERY LANE, REEPHAM, NORWICH, NR10 4NE - £300,000

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

NORWOOD LODGE is a very large extended detached house of 151m², built sometime between 1976 and 1982. It was last sold for £300,000 in July 2008, which was around 20% above the average July 2008 detached price in the Broadland local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

NORWOOD LODGE Sold Prices

Land registry data shows two sales for NORWOOD LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two NORWOOD LODGE 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
2008 4 JUL	£300,000	£249,897	20% above HPI
2001 9 JUL	£179,500	£129,818	38% above HPI

NORWOOD LODGE 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 two NORWOOD LODGE sales from July 2001 and July 2008 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 July 2001 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the July 2008 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is NORWOOD LODGE?

NORWOOD LODGE is 151m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 20% of detached houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses by size in Reepham, and where NORWOOD LODGE lies on this distribution: 80% of detached houses are smaller than NORWOOD LODGE, and 20% of houses are larger. Note that EPC data is not available for all properties in Reepham.

NORWOOD LODGE: Plot and Title Map

NORWOOD LODGE sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of NORWOOD LODGE, 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 NORWOOD LODGE). 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 NORWOOD LODGE?

NORWOOD LODGE is located on OLD BREWERY LANE in REEPHAM, in the NR10 postcode district. The below map shows the position of NORWOOD LODGE on OLD BREWERY LANE.