1, WHEATFIELD WAY, LONG STRATTON, NORWICH, NR15 2WG - £108,000

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.

1 WHEATFIELD WAY is a very small terraced house of 42m², built sometime between 1996 and 2002, which could now be worth an estimated £167,409. It was last sold for £108,000 in June 2014, which was around 26% below the average June 2014 terraced price in the South Norfolk local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

1 WHEATFIELD WAY Sold Prices

Land registry data shows six sales for 1 WHEATFIELD WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the South Norfolk local authority area for the corresponding sale date. All of the six 1 WHEATFIELD 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
2014 6 JUN	£108,000	£146,249	26% below HPI
2007 14 SEP	£117,000	£148,127	21% below HPI
2003 22 DEC	£85,500	£103,851	18% below HPI
2002 4 JAN	£59,995	£72,548	17% below HPI
2001 22 MAY	£48,450	£64,039	24% below HPI
2000 30 MAR	£40,375	£53,293	24% below HPI

1 WHEATFIELD WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Norfolk local authority area over time, sourced from the HPI. The six 1 WHEATFIELD WAY sales between March 2000 and June 2014 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 September 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2014 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 1 WHEATFIELD WAY be worth now?

1 WHEATFIELD WAY might now be worth an estimated £167,409.

This is based on house price inflation of 55%, between June 2014 and June 2025, for terraced houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 55% inflationary increase is applied to the most recent sale price for 1 WHEATFIELD WAY of £108,000 on 6th June 2014. For the value to have increased from £108,000 to £167,409 over the eleven years to June 2025, the following assumptions must hold true:

• The value of 1 WHEATFIELD WAY has moved in line with the HPI for terraced houses in the South Norfolk local authority area.
• The June 2014 sale price of £108,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WHEATFIELD WAY has not materially changed since June 2014.

How Large is 1 WHEATFIELD WAY?

1 WHEATFIELD WAY is 42m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% of terraced houses houses in Long Stratton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Long Stratton, and where 1 WHEATFIELD WAY lies on this distribution: Less than 1% of terraced houses houses are smaller than 1 WHEATFIELD WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Long Stratton.

1 WHEATFIELD WAY: Plot and Title Map

1 WHEATFIELD WAY sits on a plot of roughly 0.045 of an acre, or 181m². The below map shows the location of 1 WHEATFIELD 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 1 WHEATFIELD 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 1 WHEATFIELD WAY?

1 WHEATFIELD WAY is located in LONG STRATTON, in the NR15 postcode district. The below map shows the position of No. 1 on WHEATFIELD WAY.