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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 INDEPENDENT WAY is a very small detached house of 70m², built sometime between 1991 and 1995, which could now be worth an estimated £303,123. 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	£191,077	28% below HPI
1998 30 DEC	£64,845	£85,339	24% 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 24% below the HPI. So the extrapolation line tracks at 24% 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.

What might 15 INDEPENDENT WAY be worth now?

15 INDEPENDENT WAY might now be worth an estimated £303,123.

This is based on house price inflation of 121.7%, between July 2003 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 121.7% inflationary increase is applied to the most recent sale price for 15 INDEPENDENT WAY of £136,750 on 18th July 2003. For the value to have increased from £136,750 to £303,123 over the 22 years and five months to February 2025, the following assumptions must hold true:

• The value of 15 INDEPENDENT WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The July 2003 sale price of £136,750 represented a fair market value for the property.
• The size, condition, and specification of 15 INDEPENDENT WAY has not materially changed since July 2003.

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 houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 15 INDEPENDENT WAY lies on this distribution: 9% of detached houses 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.