8, CLEVES WAY, COSTESSEY, NORWICH, NR8 5EN - £330,000

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

8 CLEVES WAY is a midsized detached house of 122m², built sometime between 1983 and 1990. It was last sold for £330,000 in June 2020, which was around 6% below the average June 2020 detached price in the South Norfolk local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

8 CLEVES WAY Sold Prices

Land registry data shows two sales for 8 CLEVES 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 South Norfolk local authority area for the corresponding sale date. One of the two 8 CLEVES WAY sales was for below the average price, whilst the other was 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
2020 8 JUN	£330,000	£350,130	6% below HPI
1996 1 MAR	£87,588	£67,567	30% above HPI

8 CLEVES WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 8 CLEVES WAY sales from March 1996 and June 2020 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 March 1996 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the June 2020 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 8 CLEVES WAY?

8 CLEVES WAY is 122m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 50% of detached houses in Costessey, based on EPC data. The below chart shows the distribution of detached houses by size in Costessey, and where 8 CLEVES WAY lies on this distribution: 42% of detached houses are smaller than 8 CLEVES WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Costessey.

8 CLEVES WAY: Plot and Title Map

8 CLEVES WAY sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 8 CLEVES 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 8 CLEVES 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 8 CLEVES WAY?

8 CLEVES WAY is located in COSTESSEY, in the NR8 postcode district. The below map shows the position of No. 8 on CLEVES WAY.