3, TRAFFORD WAY, SPIXWORTH, NORWICH, NR10 3QL - £275,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 TRAFFORD WAY is a midsized detached house of 102m², which could now be worth an estimated £320,269. It was last sold for £275,000 in March 2021, which was around 24% below the average March 2021 detached price in the Broadland local authority area. The most recent EPC inspection was November 2014, where the current energy rating was B, and the potential energy rating was A.

3 TRAFFORD WAY Sold Prices

Land registry data shows two sales for 3 TRAFFORD 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. Both of the two 3 TRAFFORD 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
2021 8 MAR	£275,000	£363,679	24% below HPI
2015 26 JUN	£230,000	£277,667	17% below HPI

3 TRAFFORD 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 TRAFFORD WAY sales from June 2015 and March 2021 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 June 2015 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2021 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 3 TRAFFORD WAY be worth now?

3 TRAFFORD WAY might now be worth an estimated £320,269.

This is based on house price inflation of 16.5%, between March 2021 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.5% inflationary increase is applied to the most recent sale price for 3 TRAFFORD WAY of £275,000 on 8th March 2021. For the value to have increased from £275,000 to £320,269 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 3 TRAFFORD WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The March 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 TRAFFORD WAY has not materially changed since March 2021.

How Large is 3 TRAFFORD WAY?

3 TRAFFORD WAY is 102m² according to the EPC inspection conducted in November 2014. This puts it in the largest 40% of detached houses houses in Spixworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spixworth, and where 3 TRAFFORD WAY lies on this distribution: 59% of detached houses houses are smaller than 3 TRAFFORD WAY, and 39% of houses are larger. Note that EPC data is not available for all properties in Spixworth.

3 TRAFFORD WAY: Plot and Title Map

3 TRAFFORD WAY sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 3 TRAFFORD 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 TRAFFORD 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 TRAFFORD WAY?

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