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

34 MERCHANT WAY is a very small detached house of 52m², built sometime between 1983 and 1990. It was last sold for £200,000 in September 2019, which was around 41% below the average September 2019 detached price in the Broadland local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was D.

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	£339,727	41% below HPI
2010 7 SEP	£125,000	£246,441	49% below HPI
2000 27 SEP	£64,000	£117,994	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 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the September 2019 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 34 MERCHANT WAY?

34 MERCHANT WAY is 52m² according to the EPC inspection conducted in March 2010. 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 34 MERCHANT WAY lies on this distribution: 1% of detached houses are smaller than 34 MERCHANT WAY, and 99% 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.