15, CENTURY WAY, DRAYTON, NORWICH, NR8 6GZ - £320,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 CENTURY WAY is a small detached house of 91m², built sometime between 1996 and 2002, which could now be worth an estimated £349,437. It was last sold for £320,000 in April 2024, which was around 17% below the average April 2024 detached price in the Broadland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

15 CENTURY WAY Sold Prices

Land registry data shows four sales for 15 CENTURY WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 15 CENTURY 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
2024 15 APR	£320,000	£387,866	17% below HPI
2020 30 OCT	£265,000	£360,647	27% below HPI
2002 27 MAR	£116,000	£147,742	21% below HPI
2000 26 MAY	£92,500	£105,120	12% below HPI

15 CENTURY 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 four 15 CENTURY WAY sales between May 2000 and April 2024 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 October 2020 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2024 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 15 CENTURY WAY be worth now?

15 CENTURY WAY might now be worth an estimated £349,437.

This is based on house price inflation of 9.2%, between April 2024 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.2% inflationary increase is applied to the most recent sale price for 15 CENTURY WAY of £320,000 on 15th April 2024. For the value to have increased from £320,000 to £349,437 over the one year and two months to February 2025, the following assumptions must hold true:

• The value of 15 CENTURY WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The April 2024 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CENTURY WAY has not materially changed since April 2024.

How Large is 15 CENTURY WAY?

15 CENTURY WAY is 91m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 40% of detached houses houses in Thorpe Marriot, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thorpe Marriot, and where 15 CENTURY WAY lies on this distribution: 30% of detached houses houses are smaller than 15 CENTURY WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Thorpe Marriot.

15 CENTURY WAY: Plot and Title Map

15 CENTURY WAY sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 15 CENTURY 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 15 CENTURY 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 15 CENTURY WAY?

15 CENTURY WAY is located in DRAYTON, in the NR8 postcode district. The below map shows the position of No. 15 on CENTURY WAY.