17, MERCHANT WAY, NORWICH, NR6 5HS - £227,000

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.

17 MERCHANT WAY is a very small detached house of 51m², built sometime between 1983 and 1990, which could now be worth an estimated £246,627. It was last sold for £227,000 in March 2024, which was around 42% below the average March 2024 detached price in the Broadland local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

17 MERCHANT WAY Sold Prices

Land registry data shows four sales for 17 MERCHANT WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 17 MERCHANT 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
2024 19 MAR	£227,000	£389,840	42% below HPI
2014 1 DEC	£135,000	£273,499	51% below HPI
1999 19 AUG	£51,000	£92,241	45% below HPI
1995 13 APR	£47,250	£70,749	33% below HPI

17 MERCHANT 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 four 17 MERCHANT WAY sales between April 1995 and March 2024 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 2014 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2024 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 17 MERCHANT WAY be worth now?

17 MERCHANT WAY might now be worth an estimated £246,627.

This is based on house price inflation of 8.6%, between March 2024 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.6% inflationary increase is applied to the most recent sale price for 17 MERCHANT WAY of £227,000 on 19th March 2024. For the value to have increased from £227,000 to £246,627 over the one year and one month to February 2025, the following assumptions must hold true:

• The value of 17 MERCHANT WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The March 2024 sale price of £227,000 represented a fair market value for the property.
• The size, condition, and specification of 17 MERCHANT WAY has not materially changed since March 2024.

How Large is 17 MERCHANT WAY?

17 MERCHANT WAY is 51m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% 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 17 MERCHANT WAY lies on this distribution: 1% of detached houses houses are smaller than 17 MERCHANT WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Norwich.

17 MERCHANT WAY: Plot and Title Map

17 MERCHANT WAY sits on a plot of roughly 2.3 acres, or 9,156m². The below map shows the location of 17 MERCHANT 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 17 MERCHANT 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 17 MERCHANT WAY?

17 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 17 on MERCHANT WAY.