23, MERCHANT WAY, NORWICH, NR6 5HS - £190,000

23 MERCHANT WAY is a very small detached house of 48m², built sometime between 1983 and 1990. It was last sold for £190,000 in January 2020, which was around 45% below the average January 2020 detached price in the Broadland local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

23 MERCHANT WAY Sold Prices

Land registry data shows four sales for 23 MERCHANT WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 23 MERCHANT WAY 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
2020 10 JAN	£190,000	£343,174	45% below HPI
2010 16 NOV	£125,000	£237,277	47% below HPI
2002 13 SEP	£87,000	£171,935	49% below HPI
1999 22 OCT	£58,000	£93,989	38% below HPI

23 MERCHANT WAY 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 four 23 MERCHANT WAY sales between October 1999 and January 2020 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 November 2010 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the January 2020 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 23 MERCHANT WAY?

23 MERCHANT WAY is 48m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 23 MERCHANT WAY lies on this distribution: 1% of detached houses are smaller than 23 MERCHANT WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Norwich.

23 MERCHANT WAY: Plot and Title Map

23 MERCHANT WAY sits on a plot of roughly 2.3 acres, or 9,156m². The below map shows the location of 23 MERCHANT WAY, 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 23 MERCHANT WAY). 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 23 MERCHANT WAY?

23 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 23 on MERCHANT WAY.