3, GROVE WAY, NEWTON FLOTMAN, NORWICH, NR15 1QE - £270,000

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.

3 GROVE WAY is a small detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £347,006. It was last sold for £270,000 in July 2019, which was around 21% below the average July 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

3 GROVE WAY Sold Prices

Land registry data shows three sales for 3 GROVE 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 3 GROVE 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 25 JUL	£270,000	£342,431	21% below HPI
2015 20 FEB	£250,000	£276,348	10% below HPI
2013 28 NOV	£182,500	£254,887	28% below HPI

3 GROVE 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 3 GROVE WAY sales between November 2013 and July 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 February 2015 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2019 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 3 GROVE WAY be worth now?

3 GROVE WAY might now be worth an estimated £347,006.

This is based on house price inflation of 28.5%, between July 2019 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.5% inflationary increase is applied to the most recent sale price for 3 GROVE WAY of £270,000 on 25th July 2019. For the value to have increased from £270,000 to £347,006 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 3 GROVE WAY has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2019 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GROVE WAY has not materially changed since July 2019.

How Large is 3 GROVE WAY?

3 GROVE WAY is 100m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of detached houses houses in Newton Flotman, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newton Flotman, and where 3 GROVE WAY lies on this distribution: 36% of detached houses houses are smaller than 3 GROVE WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Newton Flotman.

3 GROVE WAY: Plot and Title Map

3 GROVE WAY sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 3 GROVE 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 GROVE 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 GROVE WAY?

3 GROVE WAY is located in NEWTON FLOTMAN, in the NR15 postcode district. The below map shows the position of No. 3 on GROVE WAY.