THE LAURELS, SANDPIT LANE, THORPE MARKET, NORWICH, NR11 8TJ - £306,000

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

THE LAURELS is a large extended detached house of 146m², built sometime between 1996 and 2002. It was last sold for £306,000 in December 2010, which was around 26% above the average December 2010 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was D.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. One of the two THE LAURELS sales was for above the average price, whilst the other was 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
2010 9 DEC	£306,000	£242,645	26% above HPI
1998 20 FEB	£28,500	£77,912	63% below HPI

THE LAURELS 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 two THE LAURELS sales from February 1998 and December 2010 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 1998 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the December 2010 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is THE LAURELS?

THE LAURELS is 146m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the largest 30% of detached houses in Thorpe Market, based on EPC data. The below chart shows the distribution of detached houses by size in Thorpe Market, and where THE LAURELS lies on this distribution: 75% of detached houses are smaller than THE LAURELS, and 25% of houses are larger. Note that EPC data is not available for all properties in Thorpe Market.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.223 of an acre, or 902m². The below map shows the location of THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

THE LAURELS is located on SANDPIT LANE in THORPE MARKET, in the NR11 postcode district. The below map shows the position of THE LAURELS on SANDPIT LANE.