3, INDEPENDENT WAY, NORWICH, NR7 0UX - £170,000

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 INDEPENDENT WAY is a midsized detached house of 108m², built sometime between 1991 and 1995. It was last sold for £170,000 in September 2002, which was around 1% below the average September 2002 detached price in the Broadland local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

3 INDEPENDENT WAY Sold Prices

Land registry data shows two sales for 3 INDEPENDENT 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 INDEPENDENT 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
2002 6 SEP	£170,000	£171,935	1% below HPI
2000 18 DEC	£124,000	£116,679	6% above HPI

3 INDEPENDENT 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 INDEPENDENT WAY sales from December 2000 and September 2002 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 December 2000 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the September 2002 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 3 INDEPENDENT WAY?

3 INDEPENDENT WAY is 108m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 50% 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 INDEPENDENT WAY lies on this distribution: 49% of detached houses are smaller than 3 INDEPENDENT WAY, and 50% of houses are larger. Note that EPC data is not available for all properties in Norwich.

3 INDEPENDENT WAY: Plot and Title Map

3 INDEPENDENT WAY sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 3 INDEPENDENT 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 INDEPENDENT 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 INDEPENDENT WAY?

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