2, FRESHER MEWS, NORWICH, NR5 9HF - £270,000

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.

2 FRESHER MEWS is a small detached house of 88m², built sometime between 1996 and 2002, which could now be worth an estimated £278,379. It was last sold for £270,000 in November 2021, which was around 40% below the average November 2021 detached price in the Norwich local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

2 FRESHER MEWS Sold Prices

Land registry data shows two sales for 2 FRESHER MEWS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two 2 FRESHER MEWS 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
2021 19 NOV	£270,000	£448,171	40% below HPI
2002 31 MAY	£123,500	£174,491	29% below HPI

2 FRESHER MEWS 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 two 2 FRESHER MEWS sales from May 2002 and November 2021 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 May 2002 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 2 FRESHER MEWS be worth now?

2 FRESHER MEWS might now be worth an estimated £278,379.

This is based on house price inflation of 3.1%, between November 2021 and February 2025, 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 3.1% inflationary increase is applied to the most recent sale price for 2 FRESHER MEWS of £270,000 on 19th November 2021. For the value to have increased from £270,000 to £278,379 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 FRESHER MEWS has moved in line with the HPI for detached houses in the Norwich local authority area.
• The November 2021 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FRESHER MEWS has not materially changed since November 2021.

How Large is 2 FRESHER MEWS?

2 FRESHER MEWS is 88m² according to the EPC inspection conducted in February 2021. 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 2 FRESHER MEWS lies on this distribution: 27% of detached houses houses are smaller than 2 FRESHER MEWS, and 72% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 FRESHER MEWS: Plot and Title Map

2 FRESHER MEWS sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 2 FRESHER MEWS, 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 2 FRESHER MEWS). 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 2 FRESHER MEWS?

2 FRESHER MEWS is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 2 on FRESHER MEWS.