15, DRAPER WAY, NORWICH, NR5 9NA - £240,000

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

15 DRAPER WAY is a small detached house of 96m², built sometime between 2003 and 2006. It was last sold for £240,000 in September 2020, which was around 38% below the average September 2020 detached price in the Norwich local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

15 DRAPER WAY Sold Prices

Land registry data shows four sales for 15 DRAPER 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 Norwich local authority area for the corresponding sale date. All of the four 15 DRAPER 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
2020 18 SEP	£240,000	£384,707	38% below HPI
2016 20 OCT	£216,000	£356,353	39% below HPI
2009 1 JUN	£155,000	£226,409	32% below HPI
2003 5 SEP	£143,000	£211,037	32% below HPI

15 DRAPER WAY 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 four 15 DRAPER WAY sales between September 2003 and September 2020 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 2016 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the September 2020 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 15 DRAPER WAY?

15 DRAPER WAY is 96m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 15 DRAPER WAY lies on this distribution: 37% of detached houses are smaller than 15 DRAPER WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Norwich.

15 DRAPER WAY: Plot and Title Map

15 DRAPER WAY sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 15 DRAPER 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 DRAPER 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 DRAPER WAY?

15 DRAPER WAY is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 15 on DRAPER WAY.