15, INDEPENDENT WAY, NORWICH, NR7 0UX - £136,750

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

15 INDEPENDENT WAY is a very small detached house of 70m², built sometime between 1991 and 1995. It was last sold for £136,750 in July 2003, which was around 28% below the average July 2003 detached price in the Broadland local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

15 INDEPENDENT WAY Sold Prices

Land registry data shows two sales for 15 INDEPENDENT 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 15 INDEPENDENT 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
2003 18 JUL	£136,750	£189,181	28% below HPI
1998 30 DEC	£64,845	£84,492	23% below HPI

15 INDEPENDENT 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 15 INDEPENDENT WAY sales from December 1998 and July 2003 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 1998 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2003 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 15 INDEPENDENT WAY?

15 INDEPENDENT WAY is 70m² according to the EPC inspection conducted in October 2014. 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 15 INDEPENDENT WAY lies on this distribution: 9% of detached houses are smaller than 15 INDEPENDENT WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Norwich.

15 INDEPENDENT WAY: Plot and Title Map

15 INDEPENDENT WAY sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 15 INDEPENDENT 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 INDEPENDENT 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 INDEPENDENT WAY?

15 INDEPENDENT WAY is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 15 on INDEPENDENT WAY.