2, WILLOUGHBY WAY, RACKHEATH, NORWICH, NR13 6SL - £169,950

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 WILLOUGHBY WAY is a very small detached house of 79m², built sometime between 1996 and 2002. It was last sold for £169,950 in August 2004, which was around 21% below the average August 2004 detached price in the Broadland local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

2 WILLOUGHBY WAY Sold Prices

Land registry data shows three sales for 2 WILLOUGHBY 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 WILLOUGHBY 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
2004 5 AUG	£169,950	£215,428	21% below HPI
2003 28 NOV	£152,000	£194,990	22% below HPI
1999 17 DEC	£81,500	£98,779	17% below HPI

2 WILLOUGHBY 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 WILLOUGHBY WAY sales between December 1999 and August 2004 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 November 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2004 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 2 WILLOUGHBY WAY?

2 WILLOUGHBY WAY is 79m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 20% 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 WILLOUGHBY WAY lies on this distribution: 12% of detached houses are smaller than 2 WILLOUGHBY WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

2 WILLOUGHBY WAY: Plot and Title Map

2 WILLOUGHBY WAY sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 2 WILLOUGHBY 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 WILLOUGHBY 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 WILLOUGHBY WAY?

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