2, PENN ROAD, TAVERHAM, NORWICH, NR8 6NJ - £245,000

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 PENN ROAD is a very small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £245,000 in June 2015, which was around 11% below the average June 2015 detached price in the Broadland local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

2 PENN ROAD Sold Prices

Land registry data shows three sales for 2 PENN ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 2 PENN ROAD 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
2015 2 JUN	£245,000	£274,912	11% below HPI
2006 15 SEP	£195,000	£239,325	19% below HPI
1999 13 SEP	£89,950	£92,513	3% below HPI

2 PENN ROAD 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 three 2 PENN ROAD sales between September 1999 and June 2015 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 September 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2015 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 2 PENN ROAD?

2 PENN ROAD is 77m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of detached houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses by size in Taverham, and where 2 PENN ROAD lies on this distribution: 8% of detached houses are smaller than 2 PENN ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Taverham.

2 PENN ROAD: Plot and Title Map

2 PENN ROAD sits on a plot of roughly 0.155 of an acre, or 627m². The below map shows the location of 2 PENN ROAD, 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 PENN ROAD). 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 PENN ROAD?

2 PENN ROAD is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 2 on PENN ROAD.