41, GAGE ROAD, NORWICH, NR7 8BN - £174,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

41 GAGE ROAD is a very small detached house of 67m², built sometime between 1976 and 1982. It was last sold for £174,500 in August 2015, which was around 39% below the average August 2015 detached price in the Broadland local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

41 GAGE ROAD Sold Prices

Land registry data shows two sales for 41 GAGE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two 41 GAGE ROAD 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 17 AUG	£174,500	£284,588	39% below HPI
1996 22 JUL	£49,500	£71,943	31% below HPI

41 GAGE ROAD 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 two 41 GAGE ROAD sales from July 1996 and August 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 July 1996 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2015 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 41 GAGE ROAD?

41 GAGE ROAD is 67m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 41 GAGE ROAD lies on this distribution: 7% of detached houses are smaller than 41 GAGE ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Norwich.

41 GAGE ROAD: Plot and Title Map

41 GAGE ROAD sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 41 GAGE ROAD, 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 41 GAGE ROAD). 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 41 GAGE ROAD?

41 GAGE ROAD is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 41 on GAGE ROAD.