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

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 WILLOUGHBY WAY is a small detached house of 98m², built sometime between 1996 and 2002, which could now be worth an estimated £351,302. It was last sold for £280,000 in May 2018, which was around 17% 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	£337,581	17% below HPI
2009 29 JUN	£175,000	£215,406	19% below HPI
1999 20 DEC	£81,500	£99,769	18% below HPI
1998 11 SEP	£77,300	£87,537	12% 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 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2018 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 WILLOUGHBY WAY be worth now?

8 WILLOUGHBY WAY might now be worth an estimated £351,302.

This is based on house price inflation of 25.5%, between May 2018 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 25.5% inflationary increase is applied to the most recent sale price for 8 WILLOUGHBY WAY of £280,000 on 14th May 2018. For the value to have increased from £280,000 to £351,302 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 8 WILLOUGHBY WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The May 2018 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WILLOUGHBY WAY has not materially changed since May 2018.

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 houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rackheath, and where 8 WILLOUGHBY WAY lies on this distribution: 34% of detached houses 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.