THE OLD SCHOOL, GREEN LANE WEST, RACKHEATH, NORWICH, NR13 6LU - £575,000

THE OLD SCHOOL is a very large detached house of 198m². It was last sold for £575,000 in December 2016, which was around 82% above the average December 2016 detached price in the Broadland local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

THE OLD SCHOOL Sold Prices

Land registry data shows two sales for THE OLD SCHOOL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. One of the two THE OLD SCHOOL sales was for above the average price, whilst the other was 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
2016 9 DEC	£575,000	£315,073	82% above HPI
2006 7 MAR	£105,000	£220,904	52% below HPI

THE OLD SCHOOL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two THE OLD SCHOOL sales from March 2006 and December 2016 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 March 2006 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the December 2016 sale, where it rises to 82% above the HPI. The line then continues to track at 82% above the HPI.

How Large is THE OLD SCHOOL?

THE OLD SCHOOL is 198m² according to the EPC inspection conducted in October 2008. This puts it in the largest 10% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where THE OLD SCHOOL lies on this distribution: 95% of detached houses are smaller than THE OLD SCHOOL, and 5% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

THE OLD SCHOOL: Plot and Title Map

THE OLD SCHOOL sits on a plot of roughly 0.543 of an acre, or 2,199m². The below map shows the location of THE OLD SCHOOL, 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 OLD SCHOOL). 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 OLD SCHOOL?

THE OLD SCHOOL is located on GREEN LANE WEST in RACKHEATH, in the NR13 postcode district. The below map shows the position of THE OLD SCHOOL on GREEN LANE WEST.