38, RECTORY LANE, MULBARTON, NORWICH, NR14 8AG - £300,000

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.

38 RECTORY LANE is a very small extended terraced house of 83m², built sometime between 1930 and 1949, which could now be worth an estimated £341,424. It was last sold for £300,000 in April 2021, which was around 48% above the average April 2021 terraced price in the South Norfolk local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

38 RECTORY LANE Sold Prices

Land registry data shows two sales for 38 RECTORY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the South Norfolk local authority area for the corresponding sale date. Both of the two 38 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
2021 29 APR	£300,000	£203,034	48% above HPI
2013 22 NOV	£167,500	£137,943	21% above HPI

38 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 two 38 RECTORY LANE sales from November 2013 and April 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 November 2013 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the April 2021 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might 38 RECTORY LANE be worth now?

38 RECTORY LANE might now be worth an estimated £341,424.

This is based on house price inflation of 13.8%, between April 2021 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 13.8% inflationary increase is applied to the most recent sale price for 38 RECTORY LANE of £300,000 on 29th April 2021. For the value to have increased from £300,000 to £341,424 over the four years and eleven months to May 2026, the following assumptions must hold true:

• The value of 38 RECTORY LANE has moved in line with the HPI for terraced houses in the South Norfolk local authority area.
• The April 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 38 RECTORY LANE has not materially changed since April 2021.

How Large is 38 RECTORY LANE?

38 RECTORY LANE is 83m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% 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 38 RECTORY LANE lies on this distribution: 18% of terraced houses houses are smaller than 38 RECTORY LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in Mulbarton.

38 RECTORY LANE: Plot and Title Map

38 RECTORY LANE sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 38 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 38 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 38 RECTORY LANE?

38 RECTORY LANE is located in MULBARTON, in the NR14 postcode district. The below map shows the position of No. 38 on RECTORY LANE.