SOVEREIGN HOUSE, WASH LANE, BANHAM, NORWICH, NR16 2HD - £502,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SOVEREIGN HOUSE is a large detached house of 154m², built sometime between 1983 and 1990. It was last sold for £502,000 in December 2022, which was around 33% above the average December 2022 detached price in the Breckland local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

SOVEREIGN HOUSE Sold Prices

Land registry data shows three sales for SOVEREIGN HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three SOVEREIGN HOUSE 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
2022 20 DEC	£502,000	£378,354	33% above HPI
2005 6 MAY	£270,000	£197,270	37% above HPI
1999 20 JUL	£130,000	£83,250	56% above HPI

SOVEREIGN HOUSE 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 three SOVEREIGN HOUSE sales between July 1999 and December 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 May 2005 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the December 2022 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is SOVEREIGN HOUSE?

SOVEREIGN HOUSE is 154m² according to the EPC inspection conducted in October 2021. This puts it in the largest 20% of detached houses in Banham, based on EPC data. The below chart shows the distribution of detached houses by size in Banham, and where SOVEREIGN HOUSE lies on this distribution: 79% of detached houses are smaller than SOVEREIGN HOUSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Banham.

SOVEREIGN HOUSE: Plot and Title Map

SOVEREIGN HOUSE sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of SOVEREIGN HOUSE, 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 SOVEREIGN HOUSE). 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 SOVEREIGN HOUSE?

SOVEREIGN HOUSE is located on WASH LANE in BANHAM, in the NR16 postcode district. The below map shows the position of SOVEREIGN HOUSE on WASH LANE.