16, VICTORIA WAY, NEW COSTESSEY, NORWICH, NR5 0NR - £174,000

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 VICTORIA WAY is a very small extended detached house of 81m², built sometime between 1991 and 1995. It was last sold for £174,000 in July 2009, which was around 19% below the average July 2009 detached price in the South Norfolk local authority area. The most recent EPC inspection was December 2008, where the current energy rating was C, and the potential energy rating was C.

16 VICTORIA WAY Sold Prices

Land registry data shows two sales for 16 VICTORIA 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 South Norfolk local authority area for the corresponding sale date. Both of the two 16 VICTORIA 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
2009 3 JUL	£174,000	£215,333	19% below HPI
2003 18 JUL	£138,500	£189,420	27% below HPI

16 VICTORIA WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 16 VICTORIA WAY sales from July 2003 and July 2009 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 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2009 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 16 VICTORIA WAY?

16 VICTORIA WAY is 81m², which includes one extension, according to the EPC inspection conducted in December 2008. This puts it in the smallest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 16 VICTORIA WAY lies on this distribution: 19% of detached houses are smaller than 16 VICTORIA WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Norwich.

16 VICTORIA WAY: Plot and Title Map

16 VICTORIA WAY sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 16 VICTORIA 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 VICTORIA 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 VICTORIA WAY?

16 VICTORIA WAY is located in NEW COSTESSEY, in the NR5 postcode district. The below map shows the position of No. 16 on VICTORIA WAY.