THE OLD SCHOOL, THE STREET, LYNG, NORWICH, NR9 5AL - £625,000

THE OLD SCHOOL is a very large extended detached house of 310m², built sometime before 1900. It was last sold for £625,000 in February 2021, which was around 94% above the average February 2021 detached price in the Breckland local authority area. The most recent EPC inspection was April 2019, where the current energy rating was F, 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 Breckland local authority area for the corresponding sale date. Both of the two THE OLD SCHOOL 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
2021 11 FEB	£625,000	£321,731	94% above HPI
2003 8 DEC	£385,000	£176,634	118% above HPI

THE OLD SCHOOL 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 two THE OLD SCHOOL sales from December 2003 and February 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 December 2003 sale was for 118% above the HPI. So the extrapolation line tracks at 118% above the HPI over time, until the February 2021 sale, where it falls to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is THE OLD SCHOOL?

THE OLD SCHOOL is 310m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the largest 10% of detached houses in Lyng, based on EPC data. The below chart shows the distribution of detached houses by size in Lyng, and where THE OLD SCHOOL lies on this distribution: 99% of detached houses are smaller than THE OLD SCHOOL, and 1% of houses are larger. Note that EPC data is not available for all properties in Lyng.

THE OLD SCHOOL: Plot and Title Map

THE OLD SCHOOL sits on a plot of roughly 0.309 of an acre, or 1,250m². 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 THE STREET in LYNG, in the NR9 postcode district. The below map shows the position of THE OLD SCHOOL on THE STREET.