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

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

16 VICTORIA WAY is a very small extended detached house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £344,814. It was last sold for £174,000 in July 2009, which was around 22% 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	£222,081	22% below HPI
2003 18 JUL	£138,500	£195,356	29% 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 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2009 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 16 VICTORIA WAY be worth now?

16 VICTORIA WAY might now be worth an estimated £344,814.

This is based on house price inflation of 98.2%, between July 2009 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 98.2% inflationary increase is applied to the most recent sale price for 16 VICTORIA WAY of £174,000 on 3rd July 2009. For the value to have increased from £174,000 to £344,814 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of 16 VICTORIA WAY has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2009 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 16 VICTORIA WAY has not materially changed since July 2009.

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 houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 16 VICTORIA WAY lies on this distribution: 19% of detached houses 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.