PASTON LODGE, PASTON ROAD, BACTON, NORWICH, NR12 0JB - £130,000

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

PASTON LODGE is a very small detached house of 65m², built sometime between 1950 and 1966. It was last sold for £130,000 in May 2022, which was around 69% below the average May 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was D.

PASTON LODGE Sold Prices

Land registry data shows four sales for PASTON LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four PASTON LODGE 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
2022 9 MAY	£130,000	£423,902	69% below HPI
2019 14 JUN	£90,000	£348,078	74% below HPI
2008 15 OCT	£84,000	£247,924	66% below HPI
2001 8 OCT	£39,000	£128,152	70% below HPI

PASTON LODGE 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 four PASTON LODGE sales between October 2001 and May 2022 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 June 2019 sale was for 74% below the HPI. So the extrapolation line tracks at 74% below the HPI over time, until the May 2022 sale, where it rises to 69% below the HPI. The line then continues to track at 69% below the HPI.

How Large is PASTON LODGE?

PASTON LODGE is 65m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 20% of detached houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses by size in Bacton, and where PASTON LODGE lies on this distribution: 12% of detached houses are smaller than PASTON LODGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bacton.

PASTON LODGE: Plot and Title Map

PASTON LODGE sits on a plot of roughly 0.036 of an acre, or 147m². The below map shows the location of PASTON 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 PASTON 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 PASTON LODGE?

PASTON LODGE is located on PASTON ROAD in BACTON, in the NR12 postcode district. The below map shows the position of PASTON LODGE on PASTON ROAD.