2, NORWICH WAY, GRANTHAM, NG31 8AL - £227,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 NORWICH WAY is a midsized extended detached house of 114m², built sometime between 1967 and 1975. It was last sold for £227,500 in February 2006, which was around 7% above the average February 2006 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2024, where the current energy rating was D, and the potential energy rating was C.

2 NORWICH WAY Sold Prices

Land registry data shows four sales for 2 NORWICH 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 South Kesteven local authority area for the corresponding sale date. All of the four 2 NORWICH WAY sales were for above 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
2006 8 FEB	£227,500	£212,912	7% above HPI
2005 23 MAR	£228,500	£201,689	13% above HPI
1998 2 OCT	£180,000	£88,642	103% above HPI
1997 17 OCT	£83,950	£80,878	4% above HPI

2 NORWICH WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The four 2 NORWICH WAY sales between October 1997 and February 2006 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 2005 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the February 2006 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 2 NORWICH WAY?

2 NORWICH WAY is 114m², which includes two extensions, according to the EPC inspection conducted in September 2024. This puts it in the largest 50% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 2 NORWICH WAY lies on this distribution: 53% of detached houses are smaller than 2 NORWICH WAY, and 46% of houses are larger. Note that EPC data is not available for all properties in Grantham.

2 NORWICH WAY: Plot and Title Map

2 NORWICH WAY sits on a plot of roughly 0.248 of an acre, or 1,002m². The below map shows the location of 2 NORWICH 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 NORWICH 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 NORWICH WAY?

2 NORWICH WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 2 on NORWICH WAY.