34, TUNGATE WAY, HORSTEAD, NORWICH, NR12 7EN - £205,000

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 TUNGATE WAY is a small detached house of 97m², built sometime between 1991 and 1995, which could now be worth an estimated £347,051. It was last sold for £205,000 in July 2013, which was around 18% below the average July 2013 detached price in the Broadland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

34 TUNGATE WAY Sold Prices

Land registry data shows four sales for 34 TUNGATE 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 Broadland local authority area for the corresponding sale date. Most of the four 34 TUNGATE 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 26 JUL	£205,000	£250,185	18% below HPI
2004 27 FEB	£164,000	£196,549	17% below HPI
2001 14 FEB	£93,000	£120,759	23% below HPI
1998 3 MAR	£84,250	£81,523	3% above HPI

34 TUNGATE 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 four 34 TUNGATE WAY sales between March 1998 and July 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 February 2004 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2013 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 34 TUNGATE WAY be worth now?

34 TUNGATE WAY might now be worth an estimated £347,051.

This is based on house price inflation of 69.3%, between July 2013 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 69.3% inflationary increase is applied to the most recent sale price for 34 TUNGATE WAY of £205,000 on 26th July 2013. For the value to have increased from £205,000 to £347,051 over the twelve years and five months to February 2025, the following assumptions must hold true:

• The value of 34 TUNGATE WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The July 2013 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 34 TUNGATE WAY has not materially changed since July 2013.

How Large is 34 TUNGATE WAY?

34 TUNGATE WAY is 97m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 40% of detached houses houses in Horstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horstead, and where 34 TUNGATE WAY lies on this distribution: 36% of detached houses houses are smaller than 34 TUNGATE WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Horstead.

34 TUNGATE WAY: Plot and Title Map

34 TUNGATE WAY sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 34 TUNGATE 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 TUNGATE 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 TUNGATE WAY?

34 TUNGATE WAY is located in HORSTEAD, in the NR12 postcode district. The below map shows the position of No. 34 on TUNGATE WAY.