3, COLES WAY, REEPHAM, NORWICH, NR10 4LW - £250,000

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

3 COLES WAY is a very small detached house of 67m², built sometime between 1950 and 1966. It was last sold for £250,000 in April 2019, which was around 26% below the average April 2019 detached price in the Broadland local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

3 COLES WAY Sold Prices

Land registry data shows four sales for 3 COLES WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 3 COLES 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
2019 5 APR	£250,000	£337,503	26% below HPI
2009 17 JUL	£160,000	£218,055	27% below HPI
2002 13 NOV	£112,000	£176,112	36% below HPI
2001 2 JUL	£84,000	£129,818	35% below HPI

3 COLES 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 four 3 COLES WAY sales between July 2001 and April 2019 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 July 2009 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2019 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 3 COLES WAY?

3 COLES WAY is 67m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses by size in Reepham, and where 3 COLES WAY lies on this distribution: 13% of detached houses are smaller than 3 COLES WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Reepham.

3 COLES WAY: Plot and Title Map

3 COLES WAY sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 3 COLES 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 3 COLES 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 3 COLES WAY?

3 COLES WAY is located in REEPHAM, in the NR10 postcode district. The below map shows the position of No. 3 on COLES WAY.