1, THE RUNNEL, NORWICH, NR5 9HG - £229,995

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 THE RUNNEL is a midsized detached house of 105m², built sometime between 1996 and 2002. It was last sold for £229,995 in August 2010, which was around 11% below the average August 2010 detached price in the Norwich local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

1 THE RUNNEL Sold Prices

Land registry data shows two sales for 1 THE RUNNEL 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 THE RUNNEL 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
2010 13 AUG	£229,995	£258,703	11% below HPI
2003 28 MAR	£172,000	£206,214	17% below HPI

1 THE RUNNEL 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 THE RUNNEL sales from March 2003 and August 2010 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 March 2003 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2010 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 THE RUNNEL?

1 THE RUNNEL is 105m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 50% 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 THE RUNNEL lies on this distribution: 46% of detached houses are smaller than 1 THE RUNNEL, and 54% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1 THE RUNNEL: Plot and Title Map

1 THE RUNNEL sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 1 THE RUNNEL, 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 THE RUNNEL). 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 THE RUNNEL?

1 THE RUNNEL is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 1 on THE RUNNEL.