1, POUND LANE, BLOFIELD, NORWICH, NR13 4NB - £500,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 POUND LANE is a very small detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £535,357. It was last sold for £500,000 in November 2021, which was around 28% above the average November 2021 detached price in the Broadland local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was B.

1 POUND LANE Sold Prices

Land registry data shows three sales for 1 POUND LANE 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. One of the three 1 POUND LANE sales was for above the average price, whilst two 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
2021 1 NOV	£500,000	£390,584	28% above HPI
2015 11 SEP	£210,000	£294,071	29% below HPI
2003 30 JUL	£165,000	£191,077	14% below HPI

1 POUND LANE 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 1 POUND LANE sales between July 2003 and November 2021 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 September 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2021 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 1 POUND LANE be worth now?

1 POUND LANE might now be worth an estimated £535,357.

This is based on house price inflation of 7.1%, between November 2021 and March 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.1% inflationary increase is applied to the most recent sale price for 1 POUND LANE of £500,000 on 1st November 2021. For the value to have increased from £500,000 to £535,357 over the four years and eight months to March 2025, the following assumptions must hold true:

• The value of 1 POUND LANE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 1 POUND LANE has not materially changed since November 2021.

How Large is 1 POUND LANE?

1 POUND LANE is 91m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 20% of detached houses houses in Blofield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Blofield, and where 1 POUND LANE lies on this distribution: 18% of detached houses houses are smaller than 1 POUND LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Blofield.

1 POUND LANE: Plot and Title Map

1 POUND LANE sits on a plot of roughly 0.131 of an acre, or 529m². The below map shows the location of 1 POUND LANE, 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 1 POUND LANE). 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 1 POUND LANE?

1 POUND LANE is located in BLOFIELD, in the NR13 postcode district. The below map shows the position of No. 1 on POUND LANE.