THE OAKS, GURNEY LANE, NORWICH, NR4 7SB - £469,950

THE OAKS is a very large extended detached house of 202m², built sometime between 1967 and 1975. It was last sold for £469,950 in December 2013, which was around 87% above the average December 2013 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2013, where the current energy rating was B, and the potential energy rating was A.

THE OAKS Sold Prices

Land registry data shows four sales for THE OAKS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the four THE OAKS 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
2013 11 DEC	£469,950	£250,789	87% above HPI
2007 21 MAY	£400,000	£253,004	58% above HPI
1999 10 SEP	£162,500	£96,855	68% above HPI
1995 22 JUN	£132,500	£70,626	88% above HPI

THE OAKS 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 four THE OAKS sales between June 1995 and December 2013 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 2007 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the December 2013 sale, where it rises to 87% above the HPI. The line then continues to track at 87% above the HPI.

How Large is THE OAKS?

THE OAKS is 202m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 20% of detached houses in Cringleford, based on EPC data. The below chart shows the distribution of detached houses by size in Cringleford, and where THE OAKS lies on this distribution: 89% of detached houses are smaller than THE OAKS, and 11% of houses are larger. Note that EPC data is not available for all properties in Cringleford.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.130 of an acre, or 525m². The below map shows the location of THE OAKS, 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 THE OAKS). 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 THE OAKS?

THE OAKS is located on GURNEY LANE in NORWICH, in the NR4 postcode district. The below map shows the position of THE OAKS on GURNEY LANE.