SOUTHERN LEA, THE STREET, EARSHAM, BUNGAY, NR35 2TE - £320,000

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

SOUTHERN LEA is a very large extended detached house of 150m², built sometime between 1950 and 1966. It was last sold for £320,000 in April 2013, which was around 33% above the average April 2013 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

SOUTHERN LEA Sold Prices

Land registry data shows three sales for SOUTHERN LEA 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 SOUTHERN LEA 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
2013 12 APR	£320,000	£240,972	33% above HPI
2005 21 OCT	£270,000	£226,894	19% above HPI
1998 9 JAN	£102,000	£83,896	22% above HPI

SOUTHERN LEA 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 SOUTHERN LEA sales between January 1998 and April 2013 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 October 2005 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the April 2013 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is SOUTHERN LEA?

SOUTHERN LEA is 150m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the largest 20% of detached houses in Earsham, based on EPC data. The below chart shows the distribution of detached houses by size in Earsham, and where SOUTHERN LEA lies on this distribution: 84% of detached houses are smaller than SOUTHERN LEA, and 16% of houses are larger. Note that EPC data is not available for all properties in Earsham.

SOUTHERN LEA: Plot and Title Map

SOUTHERN LEA sits on a plot of roughly 0.304 of an acre, or 1,230m². The below map shows the location of SOUTHERN LEA, 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 SOUTHERN LEA). 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 SOUTHERN LEA?

SOUTHERN LEA is located on THE STREET in EARSHAM, in the NR35 postcode district. The below map shows the position of SOUTHERN LEA on THE STREET.