7, HERON WAY, HICKLING, NORWICH, NR12 0YQ - £325,000

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

7 HERON WAY is a very small detached house of 84m², built sometime between 1983 and 1990. It was last sold for £325,000 in May 2023, which was around 25% below the average May 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

7 HERON WAY Sold Prices

Land registry data shows two sales for 7 HERON 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 North Norfolk local authority area for the corresponding sale date. Both of the two 7 HERON 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 15 MAY	£325,000	£433,589	25% below HPI
2019 16 JAN	£180,000	£343,149	48% below HPI

7 HERON WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two 7 HERON WAY sales from January 2019 and May 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 January 2019 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the May 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 7 HERON WAY?

7 HERON WAY is 84m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 20% of detached houses in Hickling, based on EPC data. The below chart shows the distribution of detached houses by size in Hickling, and where 7 HERON WAY lies on this distribution: 19% of detached houses are smaller than 7 HERON WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Hickling.

7 HERON WAY: Plot and Title Map

7 HERON WAY sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 7 HERON 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 HERON 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 HERON WAY?

7 HERON WAY is located in HICKLING, in the NR12 postcode district. The below map shows the position of No. 7 on HERON WAY.