THREE WAYS, NEWTON ROAD, HAINFORD, NORWICH, NR10 3LZ - £490,000

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

THREE WAYS is a large extended detached house of 162m², built sometime between 1967 and 1975. It was last sold for £490,000 in July 2023, which was around 19% above the average July 2023 detached price in the Broadland local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

THREE WAYS Sold Prices

Land registry data shows two sales for THREE WAYS 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. One of the two THREE WAYS sales was for above the average price, whilst the other was 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
2023 18 JUL	£490,000	£410,136	19% above HPI
2002 14 FEB	£120,000	£145,849	18% below HPI

THREE WAYS 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 THREE WAYS sales from February 2002 and July 2023 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 February 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2023 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is THREE WAYS?

THREE WAYS is 162m², which includes two extensions, according to the EPC inspection conducted in October 2017. This puts it in the largest 30% of detached houses in Hainford, based on EPC data. The below chart shows the distribution of detached houses by size in Hainford, and where THREE WAYS lies on this distribution: 72% of detached houses are smaller than THREE WAYS, and 28% of houses are larger. Note that EPC data is not available for all properties in Hainford.

THREE WAYS: Plot and Title Map

THREE WAYS sits on a plot of roughly 0.161 of an acre, or 650m². The below map shows the location of THREE WAYS, 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 THREE WAYS). 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 THREE WAYS?

THREE WAYS is located on NEWTON ROAD in HAINFORD, in the NR10 postcode district. The below map shows the position of THREE WAYS on NEWTON ROAD.