38, SPEEDWELL WAY, NORWICH, NR5 9HP - £285,000

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

38 SPEEDWELL WAY is a midsized detached house of 108m², built sometime between 1996 and 2002. It was last sold for £285,000 in May 2018, which was around 24% below the average May 2018 detached price in the Norwich local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was B.

38 SPEEDWELL WAY Sold Prices

Land registry data shows two sales for 38 SPEEDWELL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two 38 SPEEDWELL 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
2018 31 MAY	£285,000	£373,651	24% below HPI
2000 24 OCT	£110,000	£127,658	14% below HPI

38 SPEEDWELL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 38 SPEEDWELL WAY sales from October 2000 and May 2018 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 October 2000 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2018 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 38 SPEEDWELL WAY?

38 SPEEDWELL WAY is 108m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 50% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 38 SPEEDWELL WAY lies on this distribution: 49% of detached houses are smaller than 38 SPEEDWELL WAY, and 50% of houses are larger. Note that EPC data is not available for all properties in Norwich.

38 SPEEDWELL WAY: Plot and Title Map

38 SPEEDWELL WAY sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 38 SPEEDWELL 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 SPEEDWELL 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 SPEEDWELL WAY?

38 SPEEDWELL WAY is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 38 on SPEEDWELL WAY.