PIPPIN, GREYHOUND LANE, BANHAM, NORWICH, NR16 2HT - £295,000

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

PIPPIN is a midsized detached house of 107m². It was last sold for £295,000 in January 2021, which was around 7% below the average January 2021 detached price in the Breckland local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

PIPPIN Sold Prices

Land registry data shows two sales for PIPPIN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. One of the two PIPPIN sales was for below the average price, whilst the other was 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
2021 8 JAN	£295,000	£318,901	7% below HPI
2015 25 SEP	£280,000	£252,395	11% above HPI

PIPPIN Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two PIPPIN sales from September 2015 and January 2021 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 September 2015 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the January 2021 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is PIPPIN?

PIPPIN is 107m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 50% of detached houses in Banham, based on EPC data. The below chart shows the distribution of detached houses by size in Banham, and where PIPPIN lies on this distribution: 48% of detached houses are smaller than PIPPIN, and 52% of houses are larger. Note that EPC data is not available for all properties in Banham.

PIPPIN: Plot and Title Map

PIPPIN sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of PIPPIN, 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 PIPPIN). 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 PIPPIN?

PIPPIN is located on GREYHOUND LANE in BANHAM, in the NR16 postcode district. The below map shows the position of PIPPIN on GREYHOUND LANE.