31, DRAPER WAY, NORWICH, NR5 9NA - £217,950

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

31 DRAPER WAY is a midsized detached house of 107m², built sometime between 2003 and 2006, which could now be worth an estimated £358,768. It was last sold for £217,950 in April 2007, which was around 23% below the average April 2007 detached price in the Norwich local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was C.

31 DRAPER WAY Sold Prices

Land registry data shows two sales for 31 DRAPER 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 Norwich local authority area for the corresponding sale date. Both of the two 31 DRAPER 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
2007 30 APR	£217,950	£281,871	23% below HPI
2003 15 AUG	£163,500	£215,772	24% below HPI

31 DRAPER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 31 DRAPER WAY sales from August 2003 and April 2007 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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2007 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 31 DRAPER WAY be worth now?

31 DRAPER WAY might now be worth an estimated £358,768.

This is based on house price inflation of 64.6%, between April 2007 and December 2024, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.6% inflationary increase is applied to the most recent sale price for 31 DRAPER WAY of £217,950 on 30th April 2007. For the value to have increased from £217,950 to £358,768 over the sixteen years and four months to December 2024, the following assumptions must hold true:

• The value of 31 DRAPER WAY has moved in line with the HPI for detached houses in the Norwich local authority area.
• The April 2007 sale price of £217,950 represented a fair market value for the property.
• The size, condition, and specification of 31 DRAPER WAY has not materially changed since April 2007.

How Large is 31 DRAPER WAY?

31 DRAPER WAY is 107m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 50% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 31 DRAPER WAY lies on this distribution: 47% of detached houses houses are smaller than 31 DRAPER WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Norwich.

31 DRAPER WAY: Plot and Title Map

31 DRAPER WAY sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 31 DRAPER 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 31 DRAPER 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 31 DRAPER WAY?

31 DRAPER WAY is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 31 on DRAPER WAY.