1, FRESHWATER WAY, DRAYTON, NORWICH, NR8 6BY - £325,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 FRESHWATER WAY is a small detached house of 91m², built sometime between 1996 and 2002, which could now be worth an estimated £334,247. It was last sold for £325,000 in November 2023, which was around 21% below the average November 2023 detached price in the Broadland local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

1 FRESHWATER WAY Sold Prices

Land registry data shows three sales for 1 FRESHWATER 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 FRESHWATER 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
2023 10 NOV	£325,000	£411,828	21% below HPI
2010 8 SEP	£178,000	£248,911	28% below HPI
1995 1 SEP	£64,995	£76,172	15% below HPI

1 FRESHWATER 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 FRESHWATER WAY sales between September 1995 and November 2023 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 September 2010 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 1 FRESHWATER WAY be worth now?

1 FRESHWATER WAY might now be worth an estimated £334,247.

This is based on house price inflation of 2.8%, between November 2023 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% inflationary increase is applied to the most recent sale price for 1 FRESHWATER WAY of £325,000 on 10th November 2023. For the value to have increased from £325,000 to £334,247 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 FRESHWATER WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2023 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FRESHWATER WAY has not materially changed since November 2023.

How Large is 1 FRESHWATER WAY?

1 FRESHWATER WAY is 91m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 30% of detached houses houses in Thorpe Marriot, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thorpe Marriot, and where 1 FRESHWATER WAY lies on this distribution: 30% of detached houses houses are smaller than 1 FRESHWATER WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Thorpe Marriot.

1 FRESHWATER WAY: Plot and Title Map

1 FRESHWATER WAY sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 1 FRESHWATER 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 FRESHWATER 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 FRESHWATER WAY?

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