5, MAGNAY ROAD, DRAYTON, NORWICH, NR8 6BT - £178,500

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

5 MAGNAY ROAD is a very small detached house of 87m², built sometime between 1967 and 1975. It was last sold for £178,500 in July 2012, which was around 26% below the average July 2012 detached price in the Broadland local authority area. The most recent EPC inspection was January 2012, where the current energy rating was E, and the potential energy rating was D.

5 MAGNAY ROAD Sold Prices

Land registry data shows three sales for 5 MAGNAY ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 5 MAGNAY 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
2012 31 JUL	£178,500	£240,207	26% below HPI
2005 19 APR	£174,000	£217,823	20% below HPI
1996 22 AUG	£58,000	£73,822	21% below HPI

5 MAGNAY 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 three 5 MAGNAY ROAD sales between August 1996 and July 2012 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 2005 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2012 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 MAGNAY ROAD?

5 MAGNAY ROAD is 87m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of detached houses in Drayton, based on EPC data. The below chart shows the distribution of detached houses by size in Drayton, and where 5 MAGNAY ROAD lies on this distribution: 15% of detached houses are smaller than 5 MAGNAY ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Drayton.

5 MAGNAY ROAD: Plot and Title Map

5 MAGNAY ROAD sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of 5 MAGNAY 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 5 MAGNAY 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 5 MAGNAY ROAD?

5 MAGNAY ROAD is located in DRAYTON, in the NR8 postcode district. The below map shows the position of No. 5 on MAGNAY ROAD.