15, WILLOUGHBY WAY, RACKHEATH, NORWICH, NR13 6SL - £425,000

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 WILLOUGHBY WAY is a very large extended detached house of 191m², built sometime between 1996 and 2002. It was last sold for £425,000 in May 2020, which was around 22% above the average May 2020 detached price in the Broadland local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

15 WILLOUGHBY WAY Sold Prices

Land registry data shows three sales for 15 WILLOUGHBY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Two of the three 15 WILLOUGHBY WAY sales were for above the average price, whilst one was 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 11 MAY	£425,000	£349,226	22% above HPI
2013 13 DEC	£270,000	£246,351	10% above HPI
2002 9 AUG	£150,350	£167,121	10% below HPI

15 WILLOUGHBY 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 three 15 WILLOUGHBY WAY sales between August 2002 and May 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 December 2013 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the May 2020 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 15 WILLOUGHBY WAY?

15 WILLOUGHBY WAY is 191m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 10% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where 15 WILLOUGHBY WAY lies on this distribution: 93% of detached houses are smaller than 15 WILLOUGHBY WAY, and 7% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

15 WILLOUGHBY WAY: Plot and Title Map

15 WILLOUGHBY WAY sits on a plot of roughly 0.151 of an acre, or 613m². The below map shows the location of 15 WILLOUGHBY 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 WILLOUGHBY 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 WILLOUGHBY WAY?

15 WILLOUGHBY WAY is located in RACKHEATH, in the NR13 postcode district. The below map shows the position of No. 15 on WILLOUGHBY WAY.