OAKLANDS, FIELD LANE, HEMPNALL, NORWICH, NR15 2QZ - £375,000

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

OAKLANDS is a very large extended detached house of 182m², built sometime between 1967 and 1975. It was last sold for £375,000 in November 2015, which was around 28% above the average November 2015 detached price in the South Norfolk local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was D.

OAKLANDS Sold Prices

Land registry data shows two sales for OAKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two OAKLANDS 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 20 NOV	£375,000	£292,629	28% above HPI
2011 16 MAR	£390,000	£229,084	70% above HPI

OAKLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two OAKLANDS sales from March 2011 and November 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 March 2011 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the November 2015 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is OAKLANDS?

OAKLANDS is 182m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the largest 20% of detached houses in Hempnall, based on EPC data. The below chart shows the distribution of detached houses by size in Hempnall, and where OAKLANDS lies on this distribution: 85% of detached houses are smaller than OAKLANDS, and 15% of houses are larger. Note that EPC data is not available for all properties in Hempnall.

OAKLANDS: Plot and Title Map

OAKLANDS sits on a plot of roughly 0.402 of an acre, or 1,626m². The below map shows the location of OAKLANDS, 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 OAKLANDS). 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 OAKLANDS?

OAKLANDS is located on FIELD LANE in HEMPNALL, in the NR15 postcode district. The below map shows the position of OAKLANDS on FIELD LANE.