32, MERCHANT WAY, NORWICH, NR6 5HS - £195,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

32 MERCHANT WAY is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £195,000 in August 2023, which was around 53% below the average August 2023 detached price in the Broadland local authority area. The most recent EPC inspection was February 2023, where the current energy rating was E, and the potential energy rating was B.

32 MERCHANT WAY Sold Prices

Land registry data shows three sales for 32 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 32 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
2023 22 AUG	£195,000	£411,602	53% below HPI
2021 18 OCT	£200,000	£384,570	48% below HPI
2012 21 SEP	£124,000	£244,803	49% below HPI

32 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 32 MERCHANT WAY sales between September 2012 and August 2023 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 October 2021 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the August 2023 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 32 MERCHANT WAY?

32 MERCHANT WAY is 68m² according to the EPC inspection conducted in February 2023. 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 32 MERCHANT WAY lies on this distribution: 7% of detached houses are smaller than 32 MERCHANT WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Norwich.

32 MERCHANT WAY: Plot and Title Map

32 MERCHANT WAY sits on a plot of roughly 2.3 acres, or 9,156m². The below map shows the location of 32 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 32 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 32 MERCHANT WAY?

32 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 32 on MERCHANT WAY.