2A, MAGNAY ROAD, DRAYTON, NORWICH, NR8 6BT - £273,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2A MAGNAY ROAD is a small detached house of 95m², built sometime between 1950 and 1966, which could now be worth an estimated £383,625. It was last sold for £273,500 in January 2016, which was around 9% below the average January 2016 detached price in the Broadland local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was D.

2A MAGNAY ROAD Sold Prices

Land registry data shows three sales for 2A MAGNAY ROAD 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 2A MAGNAY ROAD 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
2016 18 JAN	£273,500	£301,961	9% below HPI
2012 2 NOV	£230,000	£243,348	5% below HPI
2004 8 APR	£150,000	£200,004	25% below HPI

2A MAGNAY ROAD 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 2A MAGNAY ROAD sales between April 2004 and January 2016 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 2012 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2016 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2A MAGNAY ROAD be worth now?

2A MAGNAY ROAD might now be worth an estimated £383,625.

This is based on house price inflation of 40.3%, between January 2016 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 40.3% inflationary increase is applied to the most recent sale price for 2A MAGNAY ROAD of £273,500 on 18th January 2016. For the value to have increased from £273,500 to £383,625 over the eight years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2A MAGNAY ROAD has moved in line with the HPI for detached houses in the Broadland local authority area.
• The January 2016 sale price of £273,500 represented a fair market value for the property.
• The size, condition, and specification of 2A MAGNAY ROAD has not materially changed since January 2016.

How Large is 2A MAGNAY ROAD?

2A MAGNAY ROAD is 95m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 30% of detached houses houses in Drayton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Drayton, and where 2A MAGNAY ROAD lies on this distribution: 21% of detached houses houses are smaller than 2A MAGNAY ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Drayton.

2A MAGNAY ROAD: Plot and Title Map

2A MAGNAY ROAD sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of 2A MAGNAY ROAD, 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 2A MAGNAY ROAD). 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 2A MAGNAY ROAD?

2A MAGNAY ROAD is located in DRAYTON, in the NR8 postcode district. The below map shows the position of No. 2A on MAGNAY ROAD.