7, CROWN WAY, BANHAM, NORWICH, NR16 2EY - £352,000

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

7 CROWN WAY is a very small extended detached house of 85m², built sometime between 1967 and 1975. It was last sold for £352,000 in March 2023, which was around 5% below the average March 2023 detached price in the Breckland local authority area. The most recent EPC inspection was November 2022, where the current energy rating was E, and the potential energy rating was D.

7 CROWN WAY Sold Prices

Land registry data shows three sales for 7 CROWN 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 Breckland local authority area for the corresponding sale date. All of the three 7 CROWN 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
2023 31 MAR	£352,000	£371,510	5% below HPI
2019 12 FEB	£263,500	£300,411	12% below HPI
2014 23 MAY	£174,950	£228,376	23% below HPI

7 CROWN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three 7 CROWN WAY sales between May 2014 and March 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 February 2019 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2023 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 7 CROWN WAY?

7 CROWN WAY is 85m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% of detached houses in Banham, based on EPC data. The below chart shows the distribution of detached houses by size in Banham, and where 7 CROWN WAY lies on this distribution: 18% of detached houses are smaller than 7 CROWN WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Banham.

7 CROWN WAY: Plot and Title Map

7 CROWN WAY sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of 7 CROWN 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 7 CROWN 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 7 CROWN WAY?

7 CROWN WAY is located in BANHAM, in the NR16 postcode district. The below map shows the position of No. 7 on CROWN WAY.