8, WILLOUGHBY WAY, RACKHEATH, NORWICH, NR13 6SL - £280,000

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

8 WILLOUGHBY WAY is a small detached house of 98m², built sometime between 1996 and 2002. It was last sold for £280,000 in May 2018, which was around 16% below the average May 2018 detached price in the Broadland local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

8 WILLOUGHBY WAY Sold Prices

Land registry data shows four sales for 8 WILLOUGHBY WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 8 WILLOUGHBY 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
2018 14 MAY	£280,000	£334,231	16% below HPI
2009 29 JUN	£175,000	£213,268	18% below HPI
1999 20 DEC	£81,500	£98,779	17% below HPI
1998 11 SEP	£77,300	£86,668	11% below HPI

8 WILLOUGHBY 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 four 8 WILLOUGHBY WAY sales between September 1998 and May 2018 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 June 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2018 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 8 WILLOUGHBY WAY?

8 WILLOUGHBY WAY is 98m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 40% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where 8 WILLOUGHBY WAY lies on this distribution: 34% of detached houses are smaller than 8 WILLOUGHBY WAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

8 WILLOUGHBY WAY: Plot and Title Map

8 WILLOUGHBY WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 8 WILLOUGHBY 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 WILLOUGHBY 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 WILLOUGHBY WAY?

8 WILLOUGHBY WAY is located in RACKHEATH, in the NR13 postcode district. The below map shows the position of No. 8 on WILLOUGHBY WAY.