1, ALDER WAY, TAVERHAM, NORWICH, NR8 6YD - £353,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 ALDER WAY is a small extended detached house of 105m², built sometime between 1991 and 1995. It was last sold for £353,000 in November 2021, which was around 9% below the average November 2021 detached price in the Broadland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

1 ALDER WAY Sold Prices

Land registry data shows three sales for 1 ALDER WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 1 ALDER 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
2021 5 NOV	£353,000	£386,708	9% below HPI
2011 4 APR	£196,000	£226,301	13% below HPI
2005 1 JUL	£195,950	£217,447	10% below HPI

1 ALDER 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 three 1 ALDER WAY sales between July 2005 and November 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 April 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 1 ALDER WAY?

1 ALDER WAY is 105m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 40% of detached houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses by size in Taverham, and where 1 ALDER WAY lies on this distribution: 38% of detached houses are smaller than 1 ALDER WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Taverham.

1 ALDER WAY: Plot and Title Map

1 ALDER WAY sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 1 ALDER 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 1 ALDER 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 1 ALDER WAY?

1 ALDER WAY is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 1 on ALDER WAY.