30, MERCHANT WAY, NORWICH, NR6 5HS - £145,000

30 MERCHANT WAY is a very small detached house of 54m², built sometime between 1983 and 1990. It was last sold for £145,000 in November 2013, which was around 42% below the average November 2013 detached price in the Broadland local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

30 MERCHANT WAY Sold Prices

Land registry data shows three sales for 30 MERCHANT 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 Broadland local authority area for the corresponding sale date. All of the three 30 MERCHANT 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
2013 20 NOV	£145,000	£248,897	42% below HPI
2003 22 AUG	£125,000	£194,271	36% below HPI
1996 30 APR	£48,000	£71,446	33% below HPI

30 MERCHANT 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 three 30 MERCHANT WAY sales between April 1996 and November 2013 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 August 2003 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2013 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 30 MERCHANT WAY?

30 MERCHANT WAY is 54m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 30 MERCHANT WAY lies on this distribution: 2% of detached houses are smaller than 30 MERCHANT WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Norwich.

30 MERCHANT WAY: Plot and Title Map

30 MERCHANT WAY sits on a plot of roughly 2.3 acres, or 9,156m². The below map shows the location of 30 MERCHANT 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 30 MERCHANT 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 30 MERCHANT WAY?

30 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 30 on MERCHANT WAY.