506, FELSHAM WAY, TAVERHAM, NORWICH, NR8 6XQ - £265,000

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

506 FELSHAM WAY is a large detached house of 124m², built sometime between 1983 and 1990. It was last sold for £265,000 in September 2016, which was around 16% below the average September 2016 detached price in the Broadland local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

506 FELSHAM WAY Sold Prices

Land registry data shows two sales for 506 FELSHAM WAY 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 506 FELSHAM 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
2016 2 SEP	£265,000	£315,334	16% below HPI
1998 27 AUG	£78,000	£86,573	10% below HPI

506 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 two 506 FELSHAM WAY sales from August 1998 and September 2016 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 August 1998 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 506 FELSHAM WAY?

506 FELSHAM WAY is 124m² according to the EPC inspection conducted in November 2008. This puts it in the largest 40% 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 506 FELSHAM WAY lies on this distribution: 68% of detached houses are smaller than 506 FELSHAM WAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Thorpe Marriot.

506 FELSHAM WAY: Plot and Title Map

506 FELSHAM WAY sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 506 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 506 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 506 FELSHAM WAY?

506 FELSHAM WAY is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 506 on FELSHAM WAY.