490, FELSHAM WAY, TAVERHAM, NORWICH, NR8 6XQ - £375,000

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

490 FELSHAM WAY is a midsized extended detached house of 110m², built sometime between 1991 and 1995. It was last sold for £375,000 in February 2023, which was around 11% below the average February 2023 detached price in the Broadland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

490 FELSHAM WAY Sold Prices

Land registry data shows four sales for 490 FELSHAM 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 Broadland local authority area for the corresponding sale date. Two of the four 490 FELSHAM WAY sales were for below the average price, whilst one was 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
2023 3 FEB	£375,000	£421,605	11% below HPI
2007 23 MAY	£242,500	£248,773	3% below HPI
2003 25 FEB	£182,950	£182,620	Close to HPI
2002 22 MAR	£148,000	£146,275	1% above HPI

490 FELSHAM WAY 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 four 490 FELSHAM WAY sales between March 2002 and February 2023 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 May 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 490 FELSHAM WAY?

490 FELSHAM WAY is 110m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 50% of detached houses in Thorpe Marriot, based on EPC data. The below chart shows the distribution of detached houses by size in Thorpe Marriot, and where 490 FELSHAM WAY lies on this distribution: 53% of detached houses are smaller than 490 FELSHAM WAY, and 46% of houses are larger. Note that EPC data is not available for all properties in Thorpe Marriot.

490 FELSHAM WAY: Plot and Title Map

490 FELSHAM WAY sits on a plot of roughly 0.086 of an acre, or 346m². The below map shows the location of 490 FELSHAM 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 490 FELSHAM 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 490 FELSHAM WAY?

490 FELSHAM WAY is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 490 on FELSHAM WAY.