17, PENN ROAD, TAVERHAM, NORWICH, NR8 6NN - £255,000

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

17 PENN ROAD is a very small detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £389,160. It was last sold for £255,000 in July 2015, which was around 9% below the average July 2015 detached price in the Broadland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

17 PENN ROAD Sold Prices

Land registry data shows two sales for 17 PENN ROAD 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 17 PENN ROAD 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
2015 17 JUL	£255,000	£281,303	9% below HPI
2014 28 JUL	£201,000	£262,778	24% below HPI

17 PENN ROAD 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 17 PENN ROAD sales from July 2014 and July 2015 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 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2015 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 17 PENN ROAD be worth now?

17 PENN ROAD might now be worth an estimated £389,160.

This is based on house price inflation of 52.6%, between July 2015 and December 2024, 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 52.6% inflationary increase is applied to the most recent sale price for 17 PENN ROAD of £255,000 on 17th July 2015. For the value to have increased from £255,000 to £389,160 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of 17 PENN ROAD has moved in line with the HPI for detached houses in the Broadland local authority area.
• The July 2015 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 17 PENN ROAD has not materially changed since July 2015.

How Large is 17 PENN ROAD?

17 PENN ROAD is 75m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Taverham, and where 17 PENN ROAD lies on this distribution: 6% of detached houses houses are smaller than 17 PENN ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Taverham.

17 PENN ROAD: Plot and Title Map

17 PENN ROAD sits on a plot of roughly 0.127 of an acre, or 512m². The below map shows the location of 17 PENN ROAD, 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 PENN ROAD). 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 PENN ROAD?

17 PENN ROAD is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 17 on PENN ROAD.