16, SOMERSET WAY, TAVERHAM, NORWICH, NR8 6TL - £494,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

16 SOMERSET WAY is a very large extended detached house of 165m², built sometime between 1967 and 1975. It was last sold for £494,000 in October 2022, which was around 16% above the average October 2022 detached price in the Broadland local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was C.

16 SOMERSET WAY Sold Prices

Land registry data shows two sales for 16 SOMERSET 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 16 SOMERSET WAY sales were for above 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 3 OCT	£494,000	£425,623	16% above HPI
2001 23 JUL	£172,000	£129,818	32% above HPI

16 SOMERSET 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 16 SOMERSET WAY sales from July 2001 and October 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 July 2001 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the October 2022 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 16 SOMERSET WAY?

16 SOMERSET WAY is 165m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the largest 20% of detached houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses by size in Taverham, and where 16 SOMERSET WAY lies on this distribution: 88% of detached houses are smaller than 16 SOMERSET WAY, and 12% of houses are larger. Note that EPC data is not available for all properties in Taverham.

16 SOMERSET WAY: Plot and Title Map

16 SOMERSET WAY sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of 16 SOMERSET 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 16 SOMERSET 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 16 SOMERSET WAY?

16 SOMERSET WAY is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 16 on SOMERSET WAY.