33, MERCHANT WAY, NORWICH, NR6 5HS - £130,000

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

33 MERCHANT WAY is a very small detached house of 67m², built sometime between 1976 and 1982, which could now be worth an estimated £226,586. It was last sold for £130,000 in June 2013, which was around 47% below the average June 2013 detached price in the Broadland local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

33 MERCHANT WAY Sold Prices

Land registry data shows two sales for 33 MERCHANT 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 33 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 24 JUN	£130,000	£246,305	47% below HPI
2006 27 OCT	£140,000	£244,457	43% below HPI

33 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 two 33 MERCHANT WAY sales from October 2006 and June 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 October 2006 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the June 2013 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 33 MERCHANT WAY be worth now?

33 MERCHANT WAY might now be worth an estimated £226,586.

This is based on house price inflation of 74.3%, between June 2013 and December 2024, 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 74.3% inflationary increase is applied to the most recent sale price for 33 MERCHANT WAY of £130,000 on 24th June 2013. For the value to have increased from £130,000 to £226,586 over the ten years and six months to December 2024, the following assumptions must hold true:

• The value of 33 MERCHANT WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The June 2013 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 33 MERCHANT WAY has not materially changed since June 2013.

How Large is 33 MERCHANT WAY?

33 MERCHANT WAY is 67m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% 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 33 MERCHANT WAY lies on this distribution: 7% of detached houses houses are smaller than 33 MERCHANT WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Norwich.

33 MERCHANT WAY: Plot and Title Map

33 MERCHANT WAY sits on a plot of roughly 2.3 acres, or 9,156m². The below map shows the location of 33 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 33 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 33 MERCHANT WAY?

33 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 33 on MERCHANT WAY.