25, MEMORIAL WAY, LINGWOOD, NORWICH, NR13 4DU - £258,000

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

25 MEMORIAL WAY is a very small terraced house of 74m². It was last sold for £258,000 in February 2024, which was around 35% below the average February 2024 detached price in the Broadland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was B, and the potential energy rating was A.

25 MEMORIAL WAY Sold Prices

Land registry data shows three sales for 25 MEMORIAL 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 25 MEMORIAL 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 27 FEB	£258,000	£397,218	35% below HPI
2019 8 OCT	£215,000	£339,701	37% below HPI
2015 30 JUN	£189,950	£274,912	31% below HPI

25 MEMORIAL 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 25 MEMORIAL WAY sales between June 2015 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 October 2019 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2024 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 25 MEMORIAL WAY?

25 MEMORIAL WAY is 74m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses in Lingwood, based on EPC data. The below chart shows the distribution of detached houses by size in Lingwood, and where 25 MEMORIAL WAY lies on this distribution: 13% of detached houses are smaller than 25 MEMORIAL WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Lingwood.

25 MEMORIAL WAY: Plot and Title Map

25 MEMORIAL WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 25 MEMORIAL 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 25 MEMORIAL 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 25 MEMORIAL WAY?

25 MEMORIAL WAY is located in LINGWOOD, in the NR13 postcode district. The below map shows the position of No. 25 on MEMORIAL WAY.