34, PENN ROAD, TAVERHAM, NORWICH, NR8 6NW - £275,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

34 PENN ROAD is a small extended detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £396,078. It was last sold for £275,000 in September 2015, which was around 6% below the average September 2015 detached price in the Broadland local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

34 PENN ROAD Sold Prices

Land registry data shows four sales for 34 PENN ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Most of the four 34 PENN ROAD 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
2015 24 SEP	£275,000	£294,071	6% below HPI
2013 8 MAR	£240,000	£245,056	2% below HPI
2011 28 OCT	£250,000	£236,721	6% above HPI
2010 13 DEC	£182,500	£234,899	22% below HPI

34 PENN ROAD 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 four 34 PENN ROAD sales between December 2010 and September 2015 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 2013 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the September 2015 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 34 PENN ROAD be worth now?

34 PENN ROAD might now be worth an estimated £396,078.

This is based on house price inflation of 44%, between September 2015 and February 2025, 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 44% inflationary increase is applied to the most recent sale price for 34 PENN ROAD of £275,000 on 24th September 2015. For the value to have increased from £275,000 to £396,078 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 34 PENN ROAD has moved in line with the HPI for detached houses in the Broadland local authority area.
• The September 2015 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 34 PENN ROAD has not materially changed since September 2015.

How Large is 34 PENN ROAD?

34 PENN ROAD is 91m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the smallest 30% of detached houses houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Taverham, and where 34 PENN ROAD lies on this distribution: 22% of detached houses houses are smaller than 34 PENN ROAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Taverham.

34 PENN ROAD: Plot and Title Map

34 PENN ROAD sits on a plot of roughly 0.178 of an acre, or 720m². The below map shows the location of 34 PENN ROAD, 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 PENN ROAD). 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 PENN ROAD?

34 PENN ROAD is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 34 on PENN ROAD.