7, SOMERSET WAY, TAVERHAM, NORWICH, NR8 6TJ - £245,000

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 SOMERSET WAY is a small extended detached house of 105m², built sometime between 1967 and 1975. It was last sold for £245,000 in November 2012, which was around 2% above the average November 2012 detached price in the Broadland local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

7 SOMERSET WAY Sold Prices

Land registry data shows two sales for 7 SOMERSET 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 7 SOMERSET WAY sales were 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
2012 26 NOV	£245,000	£240,933	2% above HPI
2000 21 APR	£122,500	£103,136	19% above HPI

7 SOMERSET 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 7 SOMERSET WAY sales from April 2000 and November 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 2000 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the November 2012 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 7 SOMERSET WAY?

7 SOMERSET WAY is 105m², which includes two extensions, according to the EPC inspection conducted in July 2012. This puts it in the smallest 40% of detached houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses by size in Taverham, and where 7 SOMERSET WAY lies on this distribution: 38% of detached houses are smaller than 7 SOMERSET WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Taverham.

7 SOMERSET WAY: Plot and Title Map

7 SOMERSET WAY sits on a plot of roughly 0.180 of an acre, or 730m². The below map shows the location of 7 SOMERSET 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 SOMERSET 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 SOMERSET WAY?

7 SOMERSET WAY is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 7 on SOMERSET WAY.