18, COMMON LANE, NORWICH, NR7 0SD - £370,000

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.

18 COMMON LANE is a midsized detached house of 115m², built sometime between 1967 and 1975, which could now be worth an estimated £451,201. It was last sold for £370,000 in May 2019, which was around 8% above the average May 2019 detached price in the Broadland local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

18 COMMON LANE Sold Prices

Land registry data shows three sales for 18 COMMON 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. All of the three 18 COMMON 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
2019 3 MAY	£370,000	£341,966	8% above HPI
2018 11 JUN	£370,000	£335,764	10% above HPI
2002 22 MAR	£175,000	£147,742	18% above HPI

18 COMMON 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 18 COMMON LANE sales between March 2002 and May 2019 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 June 2018 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the May 2019 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 18 COMMON LANE be worth now?

18 COMMON LANE might now be worth an estimated £451,201.

This is based on house price inflation of 21.9%, between May 2019 and October 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 21.9% inflationary increase is applied to the most recent sale price for 18 COMMON LANE of £370,000 on 3rd May 2019. For the value to have increased from £370,000 to £451,201 over the five years and seven months to October 2025, the following assumptions must hold true:

• The value of 18 COMMON LANE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The May 2019 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 18 COMMON LANE has not materially changed since May 2019.

How Large is 18 COMMON LANE?

18 COMMON LANE is 115m² according to the EPC inspection conducted in September 2017. This puts it in the largest 50% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 18 COMMON LANE lies on this distribution: 57% of detached houses houses are smaller than 18 COMMON LANE, and 42% of houses are larger. Note that EPC data is not available for all properties in Norwich.

18 COMMON LANE: Plot and Title Map

18 COMMON LANE sits on a plot of roughly 0.232 of an acre, or 937m². The below map shows the location of 18 COMMON 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 18 COMMON 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 18 COMMON LANE?

18 COMMON LANE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 18 on COMMON LANE.