1, PAXTON PLACE, NORWICH, NR2 2JE - £550,000

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 PAXTON PLACE is a large detached house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £534,184. It was last sold for £550,000 in July 2022, which was around 16% above the average July 2022 detached price in the Norwich local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

1 PAXTON PLACE Sold Prices

Land registry data shows two sales for 1 PAXTON PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two 1 PAXTON PLACE 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
2022 20 JUL	£550,000	£475,760	16% above HPI
1999 22 APR	£142,500	£96,732	47% above HPI

1 PAXTON PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 1 PAXTON PLACE sales from April 1999 and July 2022 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 1999 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the July 2022 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 1 PAXTON PLACE be worth now?

1 PAXTON PLACE might now be worth an estimated £534,184.

This is based on house price deflation of 2.9%, between July 2022 and February 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.9% deflationary decrease is applied to the most recent sale price for 1 PAXTON PLACE of £550,000 on 20th July 2022. For the value to have decreased from £550,000 to £534,184 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 1 PAXTON PLACE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The July 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PAXTON PLACE has not materially changed since July 2022.

How Large is 1 PAXTON PLACE?

1 PAXTON PLACE is 120m² according to the EPC inspection conducted in March 2022. This puts it in the largest 40% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 1 PAXTON PLACE lies on this distribution: 62% of detached houses houses are smaller than 1 PAXTON PLACE, and 37% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1 PAXTON PLACE: Plot and Title Map

1 PAXTON PLACE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 1 PAXTON PLACE, 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 PAXTON PLACE). 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 PAXTON PLACE?

1 PAXTON PLACE is located in NORWICH, in the NR2 postcode district. The below map shows the position of No. 1 on PAXTON PLACE.