15, WILLOW WAY, LUDHAM, GREAT YARMOUTH, NR29 5QS - £247,000

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 WILLOW WAY is a large extended detached house of 122m², built sometime between 1950 and 1966, which could now be worth an estimated £280,497. It was last sold for £247,000 in February 2021, which was around 35% below the average February 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

15 WILLOW WAY Sold Prices

Land registry data shows three sales for 15 WILLOW 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 North Norfolk local authority area for the corresponding sale date. All of the three 15 WILLOW 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
2021 3 FEB	£247,000	£379,369	35% below HPI
2007 18 MAY	£130,000	£235,437	45% below HPI
2004 23 APR	£150,000	£194,543	23% below HPI

15 WILLOW WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 15 WILLOW WAY sales between April 2004 and February 2021 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 May 2007 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the February 2021 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 15 WILLOW WAY be worth now?

15 WILLOW WAY might now be worth an estimated £280,497.

This is based on house price inflation of 13.6%, between February 2021 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.6% inflationary increase is applied to the most recent sale price for 15 WILLOW WAY of £247,000 on 3rd February 2021. For the value to have increased from £247,000 to £280,497 over the four years to February 2025, the following assumptions must hold true:

• The value of 15 WILLOW WAY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2021 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 15 WILLOW WAY has not materially changed since February 2021.

How Large is 15 WILLOW WAY?

15 WILLOW WAY is 122m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the largest 40% of detached houses houses in Ludham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ludham, and where 15 WILLOW WAY lies on this distribution: 65% of detached houses houses are smaller than 15 WILLOW WAY, and 35% of houses are larger. Note that EPC data is not available for all properties in Ludham.

15 WILLOW WAY: Plot and Title Map

15 WILLOW WAY sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 15 WILLOW 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 WILLOW 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 WILLOW WAY?

15 WILLOW WAY is located in LUDHAM, in the NR29 postcode district. The below map shows the position of No. 15 on WILLOW WAY.