2, GILBERT WAY, NORWICH, NR4 7RN - £500,000

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

2 GILBERT WAY is a midsized extended detached house of 135m², built sometime between 1900 and 1929. It was last sold for £500,000 in November 2019, which was around 46% above the average November 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

2 GILBERT WAY Sold Prices

Land registry data shows two sales for 2 GILBERT 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 South Norfolk local authority area for the corresponding sale date. One of the two 2 GILBERT WAY sales was for above the average price, whilst the other was 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
2019 28 NOV	£500,000	£341,931	46% above HPI
2018 12 MAR	£285,000	£327,883	13% below HPI

2 GILBERT WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 2 GILBERT WAY sales from March 2018 and November 2019 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 2018 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2019 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 2 GILBERT WAY?

2 GILBERT WAY is 135m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the largest 50% of detached houses in Cringleford, based on EPC data. The below chart shows the distribution of detached houses by size in Cringleford, and where 2 GILBERT WAY lies on this distribution: 50% of detached houses are smaller than 2 GILBERT WAY, and 50% of houses are larger. Note that EPC data is not available for all properties in Cringleford.

2 GILBERT WAY: Plot and Title Map

2 GILBERT WAY sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of 2 GILBERT 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 2 GILBERT 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 2 GILBERT WAY?

2 GILBERT WAY is located in NORWICH, in the NR4 postcode district. The below map shows the position of No. 2 on GILBERT WAY.