THE RECTORY, WOOD LANE, BUNWELL, NORWICH, NR16 1TF - £525,000

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 RECTORY is a very large extended detached house of 222m², built sometime between 1950 and 1966. It was last sold for £525,000 in January 2017, which was around 65% above the average January 2017 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

THE RECTORY Sold Prices

Land registry data shows three sales for THE RECTORY 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 THE RECTORY 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
2017 5 JAN	£525,000	£318,189	65% above HPI
2000 24 JUL	£185,000	£114,042	62% above HPI
1995 3 MAR	£118,000	£73,389	61% above HPI

THE RECTORY 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 THE RECTORY sales between March 1995 and January 2017 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 July 2000 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the January 2017 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is THE RECTORY?

THE RECTORY is 222m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 10% of detached houses in Bunwell, based on EPC data. The below chart shows the distribution of detached houses by size in Bunwell, and where THE RECTORY lies on this distribution: 91% of detached houses are smaller than THE RECTORY, and 9% of houses are larger. Note that EPC data is not available for all properties in Bunwell.

THE RECTORY: Plot and Title Map

THE RECTORY sits on a plot of roughly 0.351 of an acre, or 1,421m². The below map shows the location of THE RECTORY, 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 RECTORY). 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 RECTORY?

THE RECTORY is located on WOOD LANE in BUNWELL, in the NR16 postcode district. The below map shows the position of THE RECTORY on WOOD LANE.