38, BANISTER WAY, WYMONDHAM, NR18 0TY - £252,500

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.

38 BANISTER WAY is a very small semi-detached house of 57m², built sometime between 1991 and 1995, which could now be worth an estimated £277,453. It was last sold for £252,500 in February 2022, which was around 2% below the average February 2022 semi-detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was A.

38 BANISTER WAY Sold Prices

Land registry data shows four sales for 38 BANISTER WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the South Norfolk local authority area for the corresponding sale date. two of the four 38 BANISTER WAY sales were for below the average price, and four were for above 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 18 FEB	£252,500	£257,853	2% below HPI
2009 6 AUG	£159,950	£144,531	11% above HPI
2007 9 FEB	£156,000	£164,057	5% below HPI
1996 31 JUL	£49,000	£47,737	3% above HPI

38 BANISTER WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Norfolk local authority area over time, sourced from the HPI. The four 38 BANISTER WAY sales between July 1996 and February 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 August 2009 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the February 2022 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 38 BANISTER WAY be worth now?

38 BANISTER WAY might now be worth an estimated £277,453.

This is based on house price inflation of 9.9%, between February 2022 and February 2025, for semi-detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.9% inflationary increase is applied to the most recent sale price for 38 BANISTER WAY of £252,500 on 18th February 2022. For the value to have increased from £252,500 to £277,453 over the three years to February 2025, the following assumptions must hold true:

• The value of 38 BANISTER WAY has moved in line with the HPI for semi-detached houses in the South Norfolk local authority area.
• The February 2022 sale price of £252,500 represented a fair market value for the property.
• The size, condition, and specification of 38 BANISTER WAY has not materially changed since February 2022.

How Large is 38 BANISTER WAY?

38 BANISTER WAY is 57m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% of semi-detached houses houses in Wymondham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wymondham, and where 38 BANISTER WAY lies on this distribution: 3% of semi-detached houses houses are smaller than 38 BANISTER WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

38 BANISTER WAY: Plot and Title Map

38 BANISTER WAY sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 38 BANISTER 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 38 BANISTER 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 38 BANISTER WAY?

38 BANISTER WAY is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 38 on BANISTER WAY.