12, REEDS WAY, LODDON, NORWICH, NR14 6FE - £320,000

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

12 REEDS WAY is a small detached house of 113m². It was last sold for £320,000 in September 2021, which was around 14% below the average September 2021 detached price in the South Norfolk local authority area. The most recent EPC inspection was January 2012, where the current energy rating was B, and the potential energy rating was B.

12 REEDS WAY Sold Prices

Land registry data shows two sales for 12 REEDS 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 South Norfolk local authority area for the corresponding sale date. One of the two 12 REEDS WAY sales was for below the average price, whilst the other was 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
2021 21 SEP	£320,000	£372,414	14% below HPI
2012 20 DEC	£242,995	£239,743	1% above HPI

12 REEDS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 12 REEDS WAY sales from December 2012 and September 2021 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 December 2012 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 12 REEDS WAY?

12 REEDS WAY is 113m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 40% of detached houses in Loddon, based on EPC data. The below chart shows the distribution of detached houses by size in Loddon, and where 12 REEDS WAY lies on this distribution: 38% of detached houses are smaller than 12 REEDS WAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Loddon.

12 REEDS WAY: Plot and Title Map

12 REEDS WAY sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 12 REEDS 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 12 REEDS 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 12 REEDS WAY?

12 REEDS WAY is located in LODDON, in the NR14 postcode district. The below map shows the position of No. 12 on REEDS WAY.