15, RECTORY LANE, MULBARTON, NORWICH, NR14 8AG - £369,000

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.

15 RECTORY LANE is a large terraced house of 153m², built sometime between 1983 and 1990, which could now be worth an estimated £472,455. It was last sold for £369,000 in May 2018, which was around 104% above the average May 2018 terraced price in the South Norfolk local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

15 RECTORY LANE Sold Prices

Land registry data shows three sales for 15 RECTORY LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the South Norfolk local authority area for the corresponding sale date. All of the three 15 RECTORY LANE 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
2018 25 MAY	£369,000	£180,471	104% above HPI
1997 8 MAR	£119,000	£40,716	192% above HPI
1995 30 NOV	£107,800	£36,918	192% above HPI

15 RECTORY LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Norfolk local authority area over time, sourced from the HPI. The three 15 RECTORY LANE sales between November 1995 and May 2018 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 March 1997 sale was for 192% above the HPI. So the extrapolation line tracks at 192% above the HPI over time, until the May 2018 sale, where it falls to 104% above the HPI. The line then continues to track at 104% above the HPI.

What might 15 RECTORY LANE be worth now?

15 RECTORY LANE might now be worth an estimated £472,455.

This is based on house price inflation of 28%, between May 2018 and May 2026, for terraced houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28% inflationary increase is applied to the most recent sale price for 15 RECTORY LANE of £369,000 on 25th May 2018. For the value to have increased from £369,000 to £472,455 over the eight years to May 2026, the following assumptions must hold true:

• The value of 15 RECTORY LANE has moved in line with the HPI for terraced houses in the South Norfolk local authority area.
• The May 2018 sale price of £369,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RECTORY LANE has not materially changed since May 2018.

How Large is 15 RECTORY LANE?

15 RECTORY LANE is 153m² according to the EPC inspection conducted in February 2012. This puts it in the largest 30% of terraced houses houses in Mulbarton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Mulbarton, and where 15 RECTORY LANE lies on this distribution: 77% of terraced houses houses are smaller than 15 RECTORY LANE, and 23% of houses are larger. Note that EPC data is not available for all properties in Mulbarton.

15 RECTORY LANE: Plot and Title Map

15 RECTORY LANE sits on a plot of roughly 0.036 of an acre, or 145m². The below map shows the location of 15 RECTORY 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 15 RECTORY 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 15 RECTORY LANE?

15 RECTORY LANE is located in MULBARTON, in the NR14 postcode district. The below map shows the position of No. 15 on RECTORY LANE.