34, NORSE WAY, SEDBURY, CHEPSTOW, NP16 7BB - £400,000

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

34 NORSE WAY is a very large extended detached house of 115m², built sometime between 1967 and 1975. It was last sold for £400,000 in October 2022, which was about the average October 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was C.

34 NORSE WAY Sold Prices

Land registry data shows four sales for 34 NORSE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. The four 34 NORSE WAY sales were a mix of roughly equal to the average price, and 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
2022 25 OCT	£400,000	£399,229	Close to HPI
2021 30 MAR	£295,000	£339,771	13% below HPI
2017 12 MAY	£270,000	£278,061	3% below HPI
1998 14 AUG	£70,000	£91,203	23% below HPI

34 NORSE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The four 34 NORSE WAY sales between August 1998 and October 2022 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 March 2021 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2022 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 34 NORSE WAY?

34 NORSE WAY is 115m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 20% of detached houses in Sedbury, based on EPC data. The below chart shows the distribution of detached houses by size in Sedbury, and where 34 NORSE WAY lies on this distribution: 81% of detached houses are smaller than 34 NORSE WAY, and 18% of houses are larger. Note that EPC data is not available for all properties in Sedbury.

34 NORSE WAY: Plot and Title Map

34 NORSE WAY sits on a plot of roughly 0.151 of an acre, or 612m². The below map shows the location of 34 NORSE 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 NORSE 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 NORSE WAY?

34 NORSE WAY is located in SEDBURY, in the NP16 postcode district. The below map shows the position of No. 34 on NORSE WAY.