34, MERCHANT WAY, NORWICH, NR6 5HS - £200,000

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

34 MERCHANT WAY is a very small detached house of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £250,226. It was last sold for £200,000 in September 2019, which was around 42% below the average September 2019 detached price in the Broadland local authority area. The most recent EPC inspection was August 2024, where the current energy rating was D, and the potential energy rating was B.

34 MERCHANT WAY Sold Prices

Land registry data shows three sales for 34 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 34 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
2019 4 SEP	£200,000	£343,132	42% below HPI
2010 7 SEP	£125,000	£248,911	50% below HPI
2000 27 SEP	£64,000	£119,177	46% below HPI

34 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 34 MERCHANT WAY sales between September 2000 and September 2019 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 September 2010 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the September 2019 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 34 MERCHANT WAY be worth now?

34 MERCHANT WAY might now be worth an estimated £250,226.

This is based on house price inflation of 25.1%, between September 2019 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 25.1% inflationary increase is applied to the most recent sale price for 34 MERCHANT WAY of £200,000 on 4th September 2019. For the value to have increased from £200,000 to £250,226 over the four years and nine months to December 2024, the following assumptions must hold true:

• The value of 34 MERCHANT WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The September 2019 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 34 MERCHANT WAY has not materially changed since September 2019.

How Large is 34 MERCHANT WAY?

34 MERCHANT WAY is 55m² according to the EPC inspection conducted in August 2024. 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 34 MERCHANT WAY lies on this distribution: 2% of detached houses houses are smaller than 34 MERCHANT WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Norwich.

34 MERCHANT WAY: Plot and Title Map

34 MERCHANT WAY sits on a plot of roughly 2.3 acres, or 9,156m². The below map shows the location of 34 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 34 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 34 MERCHANT WAY?

34 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 34 on MERCHANT WAY.