18, OAK LANE, NORWICH, NR3 3QG - £217,500

18 OAK LANE is a very small extended detached house of 69m², built sometime between 1930 and 1949. It was last sold for £217,500 in July 2023, which was around 52% below the average July 2023 detached price in the Norwich local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

18 OAK LANE Sold Prices

Land registry data shows three sales for 18 OAK 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 Norwich local authority area for the corresponding sale date. All of the three 18 OAK LANE 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 7 JUL	£217,500	£454,065	52% below HPI
2006 9 NOV	£144,500	£265,308	46% below HPI
1996 8 NOV	£27,000	£76,101	65% below HPI

18 OAK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The three 18 OAK LANE sales between November 1996 and July 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 November 2006 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the July 2023 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 18 OAK LANE?

18 OAK LANE is 69m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 18 OAK LANE lies on this distribution: 8% of detached houses are smaller than 18 OAK LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Norwich.

18 OAK LANE: Plot and Title Map

18 OAK LANE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 18 OAK 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 OAK 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 OAK LANE?

18 OAK LANE is located in NORWICH, in the NR3 postcode district. The below map shows the position of No. 18 on OAK LANE.