22, IVES WAY, ERPINGHAM, NORWICH, NR11 7DW - £325,000

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

22 IVES WAY is a very small detached house of 88m². It was last sold for £325,000 in February 2024, which was around 23% below the average February 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

22 IVES WAY Sold Prices

Land registry data shows two sales for 22 IVES WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two 22 IVES 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
2024 29 FEB	£325,000	£422,594	23% below HPI
2020 24 JAN	£245,000	£351,881	30% below HPI

22 IVES WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two 22 IVES WAY sales from January 2020 and February 2024 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 January 2020 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2024 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 22 IVES WAY?

22 IVES WAY is 88m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses in Erpingham, based on EPC data. The below chart shows the distribution of detached houses by size in Erpingham, and where 22 IVES WAY lies on this distribution: 5% of detached houses are smaller than 22 IVES WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Erpingham.

22 IVES WAY: Plot and Title Map

22 IVES WAY sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 22 IVES 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 22 IVES 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 22 IVES WAY?

22 IVES WAY is located in ERPINGHAM, in the NR11 postcode district. The below map shows the position of No. 22 on IVES WAY.