2, TAGG WAY, RACKHEATH, NORWICH, NR13 6SQ - £350,000

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 TAGG WAY is a large extended detached house of 121m², built sometime between 1996 and 2002. It was last sold for £350,000 in August 2023, which was around 15% below the average August 2023 detached price in the Broadland local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was C.

2 TAGG WAY Sold Prices

Land registry data shows three sales for 2 TAGG WAY 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 TAGG 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
2023 24 AUG	£350,000	£411,602	15% below HPI
2006 16 JUN	£217,950	£230,142	5% below HPI
1999 15 JAN	£81,695	£84,999	4% below HPI

2 TAGG 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 three 2 TAGG WAY sales between January 1999 and August 2023 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 June 2006 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2023 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 TAGG WAY?

2 TAGG WAY is 121m², which includes two extensions, according to the EPC inspection conducted in July 2024. This puts it in the largest 40% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where 2 TAGG WAY lies on this distribution: 63% of detached houses are smaller than 2 TAGG WAY, and 37% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

2 TAGG WAY: Plot and Title Map

2 TAGG WAY sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 2 TAGG 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 TAGG 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 TAGG WAY?

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