UPWAY, THE CROFT, COSTESSEY, NORWICH, NR8 5DT - £356,000

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

UPWAY is a midsized extended detached house of 123m², built sometime between 1930 and 1949. It was last sold for £356,000 in June 2020, which was around 2% above the average June 2020 detached price in the South Norfolk local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

UPWAY Sold Prices

Land registry data shows two sales for UPWAY 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 UPWAY 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
2020 25 JUN	£356,000	£350,130	2% above HPI
2008 24 JAN	£235,000	£252,955	7% below HPI

UPWAY 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 UPWAY sales from January 2008 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 January 2008 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the June 2020 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is UPWAY?

UPWAY is 123m², which includes two extensions, according to the EPC inspection conducted in November 2019. 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 UPWAY lies on this distribution: 44% of detached houses are smaller than UPWAY, and 56% of houses are larger. Note that EPC data is not available for all properties in Costessey.

UPWAY: Plot and Title Map

UPWAY sits on a plot of roughly 0.266 of an acre, or 1,077m². The below map shows the location of UPWAY, 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 UPWAY). 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 UPWAY?

UPWAY is located on THE CROFT in COSTESSEY, in the NR8 postcode district. The below map shows the position of UPWAY on THE CROFT.