3, COMMONWEALTH WAY, NORWICH, NR7 0UR - £330,000

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

3 COMMONWEALTH WAY is a large extended detached house of 121m², built sometime between 1991 and 1995. It was last sold for £330,000 in August 2019, which was around 4% below the average August 2019 detached price in the Broadland local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

3 COMMONWEALTH WAY Sold Prices

Land registry data shows two sales for 3 COMMONWEALTH WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. One of the two 3 COMMONWEALTH WAY sales was for below the average price, whilst the other was for above 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 1 AUG	£330,000	£342,621	4% below HPI
1995 31 OCT	£89,000	£74,677	19% above HPI

3 COMMONWEALTH 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 two 3 COMMONWEALTH WAY sales from October 1995 and August 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 October 1995 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2019 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 3 COMMONWEALTH WAY?

3 COMMONWEALTH WAY is 121m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the largest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 3 COMMONWEALTH WAY lies on this distribution: 63% of detached houses are smaller than 3 COMMONWEALTH WAY, and 36% of houses are larger. Note that EPC data is not available for all properties in Norwich.

3 COMMONWEALTH WAY: Plot and Title Map

3 COMMONWEALTH WAY sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 3 COMMONWEALTH 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 COMMONWEALTH 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 COMMONWEALTH WAY?

3 COMMONWEALTH WAY is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 3 on COMMONWEALTH WAY.