3, NORWICH WAY, GRANTHAM, NG31 8AL - £300,000

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 NORWICH WAY is a midsized extended detached house of 117m², built sometime between 1976 and 1982. It was last sold for £300,000 in October 2015, which was around 18% above the average October 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2015, where the current energy rating was B, and the potential energy rating was A.

3 NORWICH WAY Sold Prices

Land registry data shows two sales for 3 NORWICH 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 South Kesteven local authority area for the corresponding sale date. One of the two 3 NORWICH WAY sales was for above the average price, whilst the other was 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
2015 12 OCT	£300,000	£254,973	18% above HPI
2015 5 JAN	£180,000	£235,277	23% below HPI

3 NORWICH WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 3 NORWICH WAY sales from January 2015 and October 2015 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 January 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2015 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 3 NORWICH WAY?

3 NORWICH WAY is 117m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 50% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 3 NORWICH WAY lies on this distribution: 57% of detached houses are smaller than 3 NORWICH WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Grantham.

3 NORWICH WAY: Plot and Title Map

3 NORWICH WAY sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 3 NORWICH 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 NORWICH 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 NORWICH WAY?

3 NORWICH WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 3 on NORWICH WAY.