181, THE PADDOCKS, NORWICH, NR6 7HR - £262,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

181 THE PADDOCKS is a very small detached house of 55m², built sometime between 1950 and 1966. It was last sold for £262,000 in July 2022, which was around 37% below the average July 2022 detached price in the Broadland local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

181 THE PADDOCKS Sold Prices

Land registry data shows three sales for 181 THE PADDOCKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 181 THE PADDOCKS 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
2022 20 JUL	£262,000	£418,666	37% below HPI
2014 15 AUG	£160,000	£268,162	40% below HPI
1997 5 JUN	£47,000	£75,794	38% below HPI

181 THE PADDOCKS 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 three 181 THE PADDOCKS sales between June 1997 and July 2022 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 August 2014 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2022 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 181 THE PADDOCKS?

181 THE PADDOCKS is 55m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 181 THE PADDOCKS lies on this distribution: 2% of detached houses are smaller than 181 THE PADDOCKS, and 98% of houses are larger. Note that EPC data is not available for all properties in Norwich.

181 THE PADDOCKS: Plot and Title Map

181 THE PADDOCKS sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 181 THE PADDOCKS, 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 181 THE PADDOCKS). 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 181 THE PADDOCKS?

181 THE PADDOCKS is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 181 on THE PADDOCKS.