PENLAN, NORTH ROAD, BUNWELL, NORWICH, NR16 1RB - £370,000

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

PENLAN is a very small extended detached house of 89m², built sometime between 1950 and 1966. It was last sold for £370,000 in April 2023, which was around 12% below the average April 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

PENLAN Sold Prices

Land registry data shows three sales for PENLAN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the three PENLAN 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
2023 26 APR	£370,000	£419,668	12% below HPI
2011 21 FEB	£184,000	£230,315	20% below HPI
1997 28 NOV	£50,000	£82,874	40% below HPI

PENLAN 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 three PENLAN sales between November 1997 and April 2023 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 February 2011 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is PENLAN?

PENLAN is 89m², which includes two extensions, according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% of detached houses in Bunwell, based on EPC data. The below chart shows the distribution of detached houses by size in Bunwell, and where PENLAN lies on this distribution: 13% of detached houses are smaller than PENLAN, and 85% of houses are larger. Note that EPC data is not available for all properties in Bunwell.

PENLAN: Plot and Title Map

PENLAN sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of PENLAN, 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 PENLAN). 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 PENLAN?

PENLAN is located on NORTH ROAD in BUNWELL, in the NR16 postcode district. The below map shows the position of PENLAN on NORTH ROAD.