15, SPEEDWELL WAY, NORWICH, NR5 9HP - £240,000

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 SPEEDWELL WAY is a very small semi-detached house of 59m², built sometime between 1996 and 2002, which could now be worth an estimated £239,780. It was last sold for £240,000 in August 2022, which was around 18% below the average August 2022 semi-detached price in the Norwich local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

15 SPEEDWELL WAY Sold Prices

Land registry data shows five sales for 15 SPEEDWELL WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Norwich local authority area for the corresponding sale date. All of the five 15 SPEEDWELL 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
2022 25 AUG	£240,000	£292,477	18% below HPI
2012 10 FEB	£145,000	£163,359	11% below HPI
2007 9 MAR	£146,500	£174,185	16% below HPI
2004 29 OCT	£126,500	£142,131	11% below HPI
2001 23 MAY	£62,500	£77,519	19% below HPI

15 SPEEDWELL WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Norwich local authority area over time, sourced from the HPI. The five 15 SPEEDWELL WAY sales between May 2001 and August 2022 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 February 2012 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2022 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 15 SPEEDWELL WAY be worth now?

15 SPEEDWELL WAY might now be worth an estimated £239,780.

This is based on house price deflation of 0.1%, between August 2022 and February 2025, for semi-detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.1% deflationary decrease is applied to the most recent sale price for 15 SPEEDWELL WAY of £240,000 on 25th August 2022. For the value to have decreased from £240,000 to £239,780 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 15 SPEEDWELL WAY has moved in line with the HPI for semi-detached houses in the Norwich local authority area.
• The August 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPEEDWELL WAY has not materially changed since August 2022.

How Large is 15 SPEEDWELL WAY?

15 SPEEDWELL WAY is 59m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of semi-detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Norwich, and where 15 SPEEDWELL WAY lies on this distribution: 3% of semi-detached houses houses are smaller than 15 SPEEDWELL WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Norwich.

15 SPEEDWELL WAY: Plot and Title Map

15 SPEEDWELL WAY sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 15 SPEEDWELL 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 SPEEDWELL 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 SPEEDWELL WAY?

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