7, TOWN LANE, GARVESTONE, NORWICH, NR9 4QR - £285,000

7 TOWN LANE is a small detached house of 114m², built sometime between 1976 and 1982. It was last sold for £285,000 in April 2021, which was around 11% below the average April 2021 detached price in the Breckland local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was C.

7 TOWN LANE Sold Prices

Land registry data shows four sales for 7 TOWN LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Most of the four 7 TOWN 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
2021 23 APR	£285,000	£321,623	11% below HPI
2018 25 MAY	£251,500	£298,637	16% below HPI
2009 27 JUL	£200,000	£195,081	3% above HPI
2004 1 SEP	£175,000	£189,097	7% below HPI

7 TOWN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The four 7 TOWN LANE sales between September 2004 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 May 2018 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 7 TOWN LANE?

7 TOWN LANE is 114m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 40% of detached houses in Garvestone, based on EPC data. The below chart shows the distribution of detached houses by size in Garvestone, and where 7 TOWN LANE lies on this distribution: 36% of detached houses are smaller than 7 TOWN LANE, and 64% of houses are larger. Note that EPC data is not available for all properties in Garvestone.

7 TOWN LANE: Plot and Title Map

7 TOWN LANE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of 7 TOWN 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 7 TOWN 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 7 TOWN LANE?

7 TOWN LANE is located in GARVESTONE, in the NR9 postcode district. The below map shows the position of No. 7 on TOWN LANE.