27, MERCHANT WAY, NORWICH, NR6 5HS - £185,000

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

27 MERCHANT WAY is a very small detached house of 49m², built sometime between 1996 and 2002. It was last sold for £185,000 in December 2021, which was around 53% below the average December 2021 detached price in the Broadland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

27 MERCHANT WAY Sold Prices

Land registry data shows three sales for 27 MERCHANT 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 27 MERCHANT 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
2021 8 DEC	£185,000	£391,591	53% below HPI
2009 27 NOV	£105,000	£226,715	54% below HPI
2000 28 APR	£66,950	£103,136	35% below HPI

27 MERCHANT 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 27 MERCHANT WAY sales between April 2000 and December 2021 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 November 2009 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the December 2021 sale, where it rises to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 27 MERCHANT WAY?

27 MERCHANT WAY is 49m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 27 MERCHANT WAY lies on this distribution: 1% of detached houses are smaller than 27 MERCHANT WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Norwich.

27 MERCHANT WAY: Plot and Title Map

27 MERCHANT WAY sits on a plot of roughly 2.3 acres, or 9,156m². The below map shows the location of 27 MERCHANT 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 27 MERCHANT 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 27 MERCHANT WAY?

27 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 27 on MERCHANT WAY.