4, EDRICH WAY, NORWICH, NR5 9NX - £229,000

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

4 EDRICH WAY is a midsized extended detached house of 103m², built sometime between 1996 and 2002. It was last sold for £229,000 in December 2015, which was around 31% below the average December 2015 detached price in the Norwich local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

4 EDRICH WAY Sold Prices

Land registry data shows four sales for 4 EDRICH 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 Norwich local authority area for the corresponding sale date. All of the four 4 EDRICH 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
2015 10 DEC	£229,000	£330,120	31% below HPI
2014 4 APR	£182,000	£287,986	37% below HPI
2001 16 MAR	£86,500	£130,279	34% below HPI
1999 28 MAY	£70,000	£92,189	24% below HPI

4 EDRICH 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 four 4 EDRICH WAY sales between May 1999 and December 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 April 2014 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the December 2015 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 4 EDRICH WAY?

4 EDRICH WAY is 103m², which includes one extension, according to the EPC inspection conducted in February 2014. 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 4 EDRICH WAY lies on this distribution: 44% of detached houses are smaller than 4 EDRICH WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Norwich.

4 EDRICH WAY: Plot and Title Map

4 EDRICH WAY sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 4 EDRICH 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 4 EDRICH 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 4 EDRICH WAY?

4 EDRICH WAY is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 4 on EDRICH WAY.