1B, DRAPER WAY, NORWICH, NR5 9NA - £174,950

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

1B DRAPER WAY is a small detached house of 90m², built sometime between 2003 and 2006, which could now be worth an estimated £300,275. It was last sold for £174,950 in June 2012, which was around 35% below the average June 2012 detached price in the Norwich local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

1B DRAPER WAY Sold Prices

Land registry data shows four sales for 1B DRAPER 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 Norwich local authority area for the corresponding sale date. All of the four 1B DRAPER 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
2012 29 JUN	£174,950	£270,335	35% below HPI
2008 24 OCT	£175,000	£253,344	31% below HPI
2007 12 OCT	£189,950	£301,620	37% below HPI
2004 15 OCT	£182,500	£237,698	23% below HPI

1B DRAPER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The four 1B DRAPER WAY sales between October 2004 and June 2012 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 October 2008 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2012 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 1B DRAPER WAY be worth now?

1B DRAPER WAY might now be worth an estimated £300,275.

This is based on house price inflation of 71.6%, between June 2012 and December 2024, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 71.6% inflationary increase is applied to the most recent sale price for 1B DRAPER WAY of £174,950 on 29th June 2012. For the value to have increased from £174,950 to £300,275 over the eleven years and six months to December 2024, the following assumptions must hold true:

• The value of 1B DRAPER WAY has moved in line with the HPI for detached houses in the Norwich local authority area.
• The June 2012 sale price of £174,950 represented a fair market value for the property.
• The size, condition, and specification of 1B DRAPER WAY has not materially changed since June 2012.

How Large is 1B DRAPER WAY?

1B DRAPER WAY is 90m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 30% 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 1B DRAPER WAY lies on this distribution: 29% of detached houses houses are smaller than 1B DRAPER WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1B DRAPER WAY: Plot and Title Map

1B DRAPER WAY sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 1B DRAPER 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 1B DRAPER 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 1B DRAPER WAY?

1B DRAPER WAY is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 1B on DRAPER WAY.