10, MERCHANT WAY, NORWICH, NR6 5HS - £172,000

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

10 MERCHANT WAY is a very small detached house of 53m², built sometime between 1976 and 1982. It was last sold for £172,000 in November 2019, which was around 49% below the average November 2019 detached price in the Broadland local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

10 MERCHANT WAY Sold Prices

Land registry data shows two sales for 10 MERCHANT WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two 10 MERCHANT 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
2019 15 NOV	£172,000	£338,659	49% below HPI
2012 10 FEB	£123,000	£233,820	47% below HPI

10 MERCHANT 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 two 10 MERCHANT WAY sales from February 2012 and November 2019 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 February 2012 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the November 2019 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 10 MERCHANT WAY?

10 MERCHANT WAY is 53m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 10 MERCHANT WAY lies on this distribution: 1% of detached houses are smaller than 10 MERCHANT WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Norwich.

10 MERCHANT WAY: Plot and Title Map

10 MERCHANT WAY sits on a plot of roughly 2.3 acres, or 9,156m². The below map shows the location of 10 MERCHANT 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 10 MERCHANT 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 10 MERCHANT WAY?

10 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 10 on MERCHANT WAY.