OAK HOUSE, OAK LANE, EAST RUSTON, NORWICH, NR12 9JG - £382,000

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

OAK HOUSE is a large detached house of 164m², built sometime between 1976 and 1982. It was last sold for £382,000 in July 2015, which was around 36% above the average July 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

OAK HOUSE Sold Prices

Land registry data shows three sales for OAK 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 North Norfolk local authority area for the corresponding sale date. All of the three OAK 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
2015 21 JUL	£382,000	£281,901	36% above HPI
2009 16 JAN	£270,000	£225,242	20% above HPI
2001 20 JUL	£185,000	£123,544	50% above HPI

OAK HOUSE 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 three OAK HOUSE sales between July 2001 and July 2015 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 January 2009 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the July 2015 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is OAK HOUSE?

OAK HOUSE is 164m² according to the EPC inspection conducted in February 2015. This puts it in the largest 30% of detached houses in East Ruston, based on EPC data. The below chart shows the distribution of detached houses by size in East Ruston, and where OAK HOUSE lies on this distribution: 70% of detached houses are smaller than OAK HOUSE, and 30% of houses are larger. Note that EPC data is not available for all properties in East Ruston.

OAK HOUSE: Plot and Title Map

OAK HOUSE sits on a plot of roughly 0.239 of an acre, or 968m². The below map shows the location of OAK 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 OAK 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 OAK HOUSE?

OAK HOUSE is located on OAK LANE in EAST RUSTON, in the NR12 postcode district. The below map shows the position of OAK HOUSE on OAK LANE.