18, MORGANS WAY, HEVINGHAM, NORWICH, NR10 5PD - £120,000

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

18 MORGANS WAY is a very small detached house of 54m², built sometime between 1996 and 2002, which could now be worth an estimated £232,382. It was last sold for £120,000 in September 2005, which was around 46% below the average September 2005 detached price in the Broadland local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

18 MORGANS WAY Sold Prices

Land registry data shows two sales for 18 MORGANS 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 18 MORGANS 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
2005 9 SEP	£120,000	£221,688	46% below HPI
1999 23 MAR	£44,000	£87,211	50% below HPI

18 MORGANS 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 18 MORGANS WAY sales from March 1999 and September 2005 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 March 1999 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the September 2005 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 18 MORGANS WAY be worth now?

18 MORGANS WAY might now be worth an estimated £232,382.

This is based on house price inflation of 93.7%, between September 2005 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 93.7% inflationary increase is applied to the most recent sale price for 18 MORGANS WAY of £120,000 on 9th September 2005. For the value to have increased from £120,000 to £232,382 over the eighteen years and nine months to December 2024, the following assumptions must hold true:

• The value of 18 MORGANS WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The September 2005 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 18 MORGANS WAY has not materially changed since September 2005.

How Large is 18 MORGANS WAY?

18 MORGANS WAY is 54m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses houses in Hevingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hevingham, and where 18 MORGANS WAY lies on this distribution: Less than 1% of detached houses houses are smaller than 18 MORGANS WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Hevingham.

18 MORGANS WAY: Plot and Title Map

18 MORGANS WAY sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 18 MORGANS 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 18 MORGANS 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 18 MORGANS WAY?

18 MORGANS WAY is located in HEVINGHAM, in the NR10 postcode district. The below map shows the position of No. 18 on MORGANS WAY.