24, TUNGATE WAY, HORSTEAD, NORWICH, NR12 7EN - £370,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 TUNGATE WAY is a midsized detached house of 110m², built sometime between 1991 and 1995, which could now be worth an estimated £382,479. It was last sold for £370,000 in October 2023, which was around 10% below the average October 2023 detached price in the Broadland local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

24 TUNGATE WAY Sold Prices

Land registry data shows six sales for 24 TUNGATE WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Most of the six 24 TUNGATE 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 16 OCT	£370,000	£409,727	10% below HPI
2019 27 SEP	£295,000	£343,132	14% below HPI
2016 29 APR	£249,999	£304,288	18% below HPI
2005 18 FEB	£227,500	£218,737	4% above HPI
1999 1 DEC	£95,000	£99,769	5% below HPI
1995 6 OCT	£88,250	£75,425	17% above HPI

24 TUNGATE 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 six 24 TUNGATE WAY sales between October 1995 and October 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 September 2019 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 24 TUNGATE WAY be worth now?

24 TUNGATE WAY might now be worth an estimated £382,479.

This is based on house price inflation of 3.4%, between October 2023 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.4% inflationary increase is applied to the most recent sale price for 24 TUNGATE WAY of £370,000 on 16th October 2023. For the value to have increased from £370,000 to £382,479 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 24 TUNGATE WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The October 2023 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 24 TUNGATE WAY has not materially changed since October 2023.

How Large is 24 TUNGATE WAY?

24 TUNGATE WAY is 110m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 50% of detached houses houses in Horstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horstead, and where 24 TUNGATE WAY lies on this distribution: 44% of detached houses houses are smaller than 24 TUNGATE WAY, and 54% of houses are larger. Note that EPC data is not available for all properties in Horstead.

24 TUNGATE WAY: Plot and Title Map

24 TUNGATE WAY sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 24 TUNGATE 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 TUNGATE 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 TUNGATE WAY?

24 TUNGATE WAY is located in HORSTEAD, in the NR12 postcode district. The below map shows the position of No. 24 on TUNGATE WAY.