5, LOCKHART ROAD, ELLINGHAM, BUNGAY, NR35 2HB - £345,000

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.

5 LOCKHART ROAD is a very large extended detached house of 129m², built sometime between 1950 and 1966, which could now be worth an estimated £339,843. It was last sold for £345,000 in January 2023, which was around 21% below the average January 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

5 LOCKHART ROAD Sold Prices

Land registry data shows three sales for 5 LOCKHART ROAD 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 5 LOCKHART ROAD 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 27 JAN	£345,000	£438,913	21% below HPI
2010 9 APR	£162,500	£234,908	31% below HPI
1999 17 NOV	£66,000	£103,510	36% below HPI

5 LOCKHART ROAD 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 5 LOCKHART ROAD sales between November 1999 and January 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 April 2010 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 5 LOCKHART ROAD be worth now?

5 LOCKHART ROAD might now be worth an estimated £339,843.

This is based on house price deflation of 1.5%, between January 2023 and May 2026, for detached 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 1.5% deflationary decrease is applied to the most recent sale price for 5 LOCKHART ROAD of £345,000 on 27th January 2023. For the value to have decreased from £345,000 to £339,843 over the two years and eight months to May 2026, the following assumptions must hold true:

• The value of 5 LOCKHART ROAD has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The January 2023 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LOCKHART ROAD has not materially changed since January 2023.

How Large is 5 LOCKHART ROAD?

5 LOCKHART ROAD is 129m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the largest 10% of detached houses houses in Ellingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ellingham, and where 5 LOCKHART ROAD lies on this distribution: 91% of detached houses houses are smaller than 5 LOCKHART ROAD, and 9% of houses are larger. Note that EPC data is not available for all properties in Ellingham.

5 LOCKHART ROAD: Plot and Title Map

5 LOCKHART ROAD sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of 5 LOCKHART ROAD, 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 5 LOCKHART ROAD). 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 5 LOCKHART ROAD?

5 LOCKHART ROAD is located in ELLINGHAM, in the NR35 postcode district. The below map shows the position of No. 5 on LOCKHART ROAD.