25, OLD MARKET WAY, HEMPNALL, NORWICH, NR15 2LZ - £159,500

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

25 OLD MARKET WAY is a small extended detached house of 87m², built sometime between 1967 and 1975. It was last sold for £159,500 in October 2006, which was around 34% below the average October 2006 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

25 OLD MARKET WAY Sold Prices

Land registry data shows three sales for 25 OLD MARKET 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 South Norfolk local authority area for the corresponding sale date. All of the three 25 OLD MARKET 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
2006 4 OCT	£159,500	£242,915	34% below HPI
2000 22 AUG	£77,000	£115,399	33% below HPI
1995 26 SEP	£47,000	£72,252	35% below HPI

25 OLD MARKET WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three 25 OLD MARKET WAY sales between September 1995 and October 2006 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 August 2000 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2006 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 25 OLD MARKET WAY?

25 OLD MARKET WAY is 87m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 40% of detached houses in Hempnall, based on EPC data. The below chart shows the distribution of detached houses by size in Hempnall, and where 25 OLD MARKET WAY lies on this distribution: 32% of detached houses are smaller than 25 OLD MARKET WAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Hempnall.

25 OLD MARKET WAY: Plot and Title Map

25 OLD MARKET WAY sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 25 OLD MARKET 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 OLD MARKET 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 OLD MARKET WAY?

25 OLD MARKET WAY is located in HEMPNALL, in the NR15 postcode district. The below map shows the position of No. 25 on OLD MARKET WAY.