24, EDRICH WAY, NORWICH, NR5 9NX - £162,500

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

24 EDRICH WAY is a small extended detached house of 99m², built sometime between 1996 and 2002. It was last sold for £162,500 in November 2003, which was around 23% below the average November 2003 detached price in the Norwich local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

24 EDRICH WAY Sold Prices

Land registry data shows three sales for 24 EDRICH 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 Norwich local authority area for the corresponding sale date. All of the three 24 EDRICH 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
2003 28 NOV	£162,500	£210,707	23% below HPI
1998 5 JUN	£70,000	£88,483	21% below HPI
1996 18 OCT	£62,000	£76,097	19% below HPI

24 EDRICH WAY 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 24 EDRICH WAY sales between October 1996 and November 2003 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 1998 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2003 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 24 EDRICH WAY?

24 EDRICH WAY is 99m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the smallest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 24 EDRICH WAY lies on this distribution: 39% of detached houses are smaller than 24 EDRICH WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Norwich.

24 EDRICH WAY: Plot and Title Map

24 EDRICH WAY sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 24 EDRICH 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 24 EDRICH 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 24 EDRICH WAY?

24 EDRICH WAY is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 24 on EDRICH WAY.