2, MEMORIAL WAY, LINGWOOD, NORWICH, NR13 4DU - £255,000

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 MEMORIAL WAY is a small detached house of 88m², which could now be worth an estimated £300,689. It was last sold for £255,000 in May 2021, which was around 29% below the average May 2021 detached price in the Broadland local authority area. The most recent EPC inspection was November 2015, where the current energy rating was B, and the potential energy rating was A.

2 MEMORIAL WAY Sold Prices

Land registry data shows two sales for 2 MEMORIAL 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 2 MEMORIAL 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
2021 20 MAY	£255,000	£359,189	29% below HPI
2015 18 DEC	£211,950	£299,341	29% below HPI

2 MEMORIAL 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 2 MEMORIAL WAY sales from December 2015 and May 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 December 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2021 sale, which was also at 29% below the HPI.

What might 2 MEMORIAL WAY be worth now?

2 MEMORIAL WAY might now be worth an estimated £300,689.

This is based on house price inflation of 17.9%, between May 2021 and February 2025, 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 17.9% inflationary increase is applied to the most recent sale price for 2 MEMORIAL WAY of £255,000 on 20th May 2021. For the value to have increased from £255,000 to £300,689 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 2 MEMORIAL WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The May 2021 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MEMORIAL WAY has not materially changed since May 2021.

How Large is 2 MEMORIAL WAY?

2 MEMORIAL WAY is 88m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 40% of detached houses houses in Lingwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lingwood, and where 2 MEMORIAL WAY lies on this distribution: 35% of detached houses houses are smaller than 2 MEMORIAL WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Lingwood.

2 MEMORIAL WAY: Plot and Title Map

2 MEMORIAL WAY sits on a plot of roughly 0.203 of an acre, or 822m². The below map shows the location of 2 MEMORIAL 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 MEMORIAL 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 MEMORIAL WAY?

2 MEMORIAL WAY is located in LINGWOOD, in the NR13 postcode district. The below map shows the position of No. 2 on MEMORIAL WAY.