40, WADES WAY, TRUNCH, NORTH WALSHAM, NR28 0PW - £290,000

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.

40 WADES WAY is a very small detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £320,276. It was last sold for £290,000 in June 2021, which was around 26% below the average June 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2011, where the current energy rating was E, and the potential energy rating was D.

40 WADES WAY Sold Prices

Land registry data shows three sales for 40 WADES WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three 40 WADES 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
2021 3 JUN	£290,000	£390,091	26% below HPI
2014 15 OCT	£189,450	£272,824	31% below HPI
2012 28 JUN	£130,000	£237,020	45% below HPI

40 WADES WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 40 WADES WAY sales between June 2012 and June 2021 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 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2021 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 40 WADES WAY be worth now?

40 WADES WAY might now be worth an estimated £320,276.

This is based on house price inflation of 10.4%, between June 2021 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.4% inflationary increase is applied to the most recent sale price for 40 WADES WAY of £290,000 on 3rd June 2021. For the value to have increased from £290,000 to £320,276 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 40 WADES WAY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The June 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 40 WADES WAY has not materially changed since June 2021.

How Large is 40 WADES WAY?

40 WADES WAY is 65m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 10% of detached houses houses in Trunch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Trunch, and where 40 WADES WAY lies on this distribution: 8% of detached houses houses are smaller than 40 WADES WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Trunch.

40 WADES WAY: Plot and Title Map

40 WADES WAY sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 40 WADES 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 40 WADES 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 40 WADES WAY?

40 WADES WAY is located in TRUNCH, in the NR28 postcode district. The below map shows the position of No. 40 on WADES WAY.