21, SCHOOL LANE, SPROWSTON, NORWICH, NR7 8TB - £325,000

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.

21 SCHOOL LANE is a very large extended detached house of 160m², built sometime between 1930 and 1949, which could now be worth an estimated £526,170. It was last sold for £325,000 in June 2014, which was around 26% above the average June 2014 detached price in the Broadland local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was C.

21 SCHOOL LANE Sold Prices

Land registry data shows three sales for 21 SCHOOL 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. Two of the three 21 SCHOOL LANE sales were for above the average price, whilst one was 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
2014 13 JUN	£325,000	£257,578	26% above HPI
2010 16 SEP	£300,000	£248,911	21% above HPI
1998 16 DEC	£70,000	£85,339	18% below HPI

21 SCHOOL 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 21 SCHOOL LANE sales between December 1998 and June 2014 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 2010 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the June 2014 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 21 SCHOOL LANE be worth now?

21 SCHOOL LANE might now be worth an estimated £526,170.

This is based on house price inflation of 61.9%, between June 2014 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 61.9% inflationary increase is applied to the most recent sale price for 21 SCHOOL LANE of £325,000 on 13th June 2014. For the value to have increased from £325,000 to £526,170 over the ten years and eight months to October 2025, the following assumptions must hold true:

• The value of 21 SCHOOL LANE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The June 2014 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 21 SCHOOL LANE has not materially changed since June 2014.

How Large is 21 SCHOOL LANE?

21 SCHOOL LANE is 160m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 20% 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 21 SCHOOL LANE lies on this distribution: 86% of detached houses houses are smaller than 21 SCHOOL LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Norwich.

21 SCHOOL LANE: Plot and Title Map

21 SCHOOL LANE sits on a plot of roughly 0.170 of an acre, or 687m². The below map shows the location of 21 SCHOOL 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 21 SCHOOL 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 21 SCHOOL LANE?

21 SCHOOL LANE is located in SPROWSTON, in the NR7 postcode district. The below map shows the position of No. 21 on SCHOOL LANE.