49, SCHOOL LANE, LITTLE MELTON, NORWICH, NR9 3AE - £395,000

49 SCHOOL LANE is a midsized detached house of 127m², built sometime between 1950 and 1966. It was last sold for £395,000 in May 2018, which was around 19% above the average May 2018 detached price in the South Norfolk local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

49 SCHOOL LANE Sold Prices

Land registry data shows three sales for 49 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 South Norfolk local authority area for the corresponding sale date. All of the three 49 SCHOOL 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 3 MAY	£395,000	£330,718	19% above HPI
2016 22 JAN	£367,500	£293,224	25% above HPI
2012 15 MAY	£240,000	£229,208	5% above HPI

49 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three 49 SCHOOL LANE sales between May 2012 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 January 2016 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2018 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 49 SCHOOL LANE?

49 SCHOOL LANE is 127m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 50% of detached houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Little Melton, and where 49 SCHOOL LANE lies on this distribution: 46% of detached houses are smaller than 49 SCHOOL LANE, and 54% of houses are larger. Note that EPC data is not available for all properties in Little Melton.

49 SCHOOL LANE: Plot and Title Map

49 SCHOOL LANE sits on a plot of roughly 0.343 of an acre, or 1,387m². The below map shows the location of 49 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 49 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 49 SCHOOL LANE?

49 SCHOOL LANE is located in LITTLE MELTON, in the NR9 postcode district. The below map shows the position of No. 49 on SCHOOL LANE.