THE LAURELS, STAITHEWAY ROAD, WROXHAM, NORWICH, NR12 8TH - £325,000

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

THE LAURELS is a very small detached house of 73m², built sometime between 1950 and 1966. It was last sold for £325,000 in March 2023, which was around 23% below the average March 2023 detached price in the Broadland local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows three sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three THE LAURELS 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 24 MAR	£325,000	£419,774	23% below HPI
2019 20 AUG	£260,000	£342,621	24% below HPI
2016 31 MAR	£250,000	£301,918	17% below HPI

THE LAURELS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three THE LAURELS sales between March 2016 and March 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 August 2019 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2023 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is THE LAURELS?

THE LAURELS is 73m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses in Wroxham, based on EPC data. The below chart shows the distribution of detached houses by size in Wroxham, and where THE LAURELS lies on this distribution: 1% of detached houses are smaller than THE LAURELS, and 98% of houses are larger. Note that EPC data is not available for all properties in Wroxham.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.101 of an acre, or 408m². 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 STAITHEWAY ROAD in WROXHAM, in the NR12 postcode district. The below map shows the position of THE LAURELS on STAITHEWAY ROAD.