2, THE CORN WAREHOUSE, BRACONDALE MILLGATE, NORWICH, NR1 2FD - £420,000

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 THE CORN WAREHOUSE is a very large extended detached house of 148m², built sometime between 1996 and 2002. It was last sold for £420,000 in August 2023, which was around 8% below the average August 2023 detached price in the Norwich local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

2 THE CORN WAREHOUSE Sold Prices

Land registry data shows three sales for 2 THE CORN WAREHOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. One of the three 2 THE CORN WAREHOUSE sales was for below the average price, whilst two 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
2023 23 AUG	£420,000	£456,544	8% below HPI
2005 18 OCT	£240,000	£235,141	2% above HPI
2002 24 JUL	£210,000	£180,155	17% above HPI

2 THE CORN WAREHOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The three 2 THE CORN WAREHOUSE sales between July 2002 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 October 2005 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the August 2023 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 2 THE CORN WAREHOUSE?

2 THE CORN WAREHOUSE is 148m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 2 THE CORN WAREHOUSE lies on this distribution: 81% of detached houses are smaller than 2 THE CORN WAREHOUSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 THE CORN WAREHOUSE: Plot and Title Map

2 THE CORN WAREHOUSE sits on a plot of roughly 0.016 of an acre, or 65m². The below map shows the location of 2 THE CORN WAREHOUSE, 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 THE CORN WAREHOUSE). 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 THE CORN WAREHOUSE?

2 THE CORN WAREHOUSE is located on BRACONDALE MILLGATE in NORWICH, in the NR1 postcode district. The below map shows the position of 2 THE CORN WAREHOUSE on BRACONDALE MILLGATE.