1, GAGE ROAD, NORWICH, NR7 8BN - £280,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 GAGE ROAD is a small extended detached house of 87m², built sometime between 1983 and 1990. It was last sold for £280,000 in June 2020, which was around 20% below the average June 2020 detached price in the Broadland local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

1 GAGE ROAD Sold Prices

Land registry data shows five sales for 1 GAGE ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the five 1 GAGE ROAD 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 30 JUN	£280,000	£350,576	20% below HPI
2009 3 JUL	£148,000	£218,055	32% below HPI
2005 23 MAR	£138,000	£217,687	37% below HPI
2003 18 DEC	£132,950	£193,979	31% below HPI
1999 30 JUL	£59,995	£91,667	35% below HPI

1 GAGE ROAD 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 five 1 GAGE ROAD sales between July 1999 and June 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 July 2009 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2020 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 1 GAGE ROAD?

1 GAGE ROAD is 87m², which includes two extensions, according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 1 GAGE ROAD lies on this distribution: 26% of detached houses are smaller than 1 GAGE ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1 GAGE ROAD: Plot and Title Map

1 GAGE ROAD sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 1 GAGE ROAD, 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 GAGE ROAD). 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 GAGE ROAD?

1 GAGE ROAD is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 1 on GAGE ROAD.