8, NEWBURY WAY, NORWICH, NR7 0YQ - £260,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 NEWBURY WAY is a midsized detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £307,847. It was last sold for £260,000 in July 2020, which was around 27% below the average July 2020 detached price in the Broadland local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was C.

8 NEWBURY WAY Sold Prices

Land registry data shows three sales for 8 NEWBURY 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 Broadland local authority area for the corresponding sale date. All of the three 8 NEWBURY 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
2020 22 JUL	£260,000	£357,716	27% below HPI
2010 17 DEC	£187,000	£234,899	20% below HPI
1997 15 AUG	£75,250	£81,040	7% below HPI

8 NEWBURY 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 three 8 NEWBURY WAY sales between August 1997 and July 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 December 2010 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 8 NEWBURY WAY be worth now?

8 NEWBURY WAY might now be worth an estimated £307,847.

This is based on house price inflation of 18.4%, between July 2020 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.4% inflationary increase is applied to the most recent sale price for 8 NEWBURY WAY of £260,000 on 22nd July 2020. For the value to have increased from £260,000 to £307,847 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 8 NEWBURY WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The July 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 8 NEWBURY WAY has not materially changed since July 2020.

How Large is 8 NEWBURY WAY?

8 NEWBURY WAY is 113m² according to the EPC inspection conducted in September 2010. This puts it in the largest 50% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 8 NEWBURY WAY lies on this distribution: 56% of detached houses houses are smaller than 8 NEWBURY WAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Norwich.

8 NEWBURY WAY: Plot and Title Map

8 NEWBURY WAY sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 8 NEWBURY 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 NEWBURY 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 NEWBURY WAY?

8 NEWBURY WAY is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 8 on NEWBURY WAY.