18, HEMMING WAY, NORWICH, NR3 2AF - £223,000

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.

18 HEMMING WAY is a large extended terraced house of 121m², built sometime between 2003 and 2006, which could now be worth an estimated £260,326. It was last sold for £223,000 in July 2020, which was around 6% above the average July 2020 terraced price in the Norwich local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

18 HEMMING WAY Sold Prices

Land registry data shows two sales for 18 HEMMING WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Norwich local authority area for the corresponding sale date. Both of the two 18 HEMMING WAY sales were for above 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 3 JUL	£223,000	£211,199	6% above HPI
2006 21 APR	£164,895	£132,778	24% above HPI

18 HEMMING WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Norwich local authority area over time, sourced from the HPI. The two 18 HEMMING WAY sales from April 2006 and July 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 April 2006 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the July 2020 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 18 HEMMING WAY be worth now?

18 HEMMING WAY might now be worth an estimated £260,326.

This is based on house price inflation of 16.7%, between July 2020 and October 2025, for terraced houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.7% inflationary increase is applied to the most recent sale price for 18 HEMMING WAY of £223,000 on 3rd July 2020. For the value to have increased from £223,000 to £260,326 over the four years and nine months to October 2025, the following assumptions must hold true:

• The value of 18 HEMMING WAY has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The July 2020 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of 18 HEMMING WAY has not materially changed since July 2020.

How Large is 18 HEMMING WAY?

18 HEMMING WAY is 121m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the largest 40% of terraced houses houses in Norwich, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Norwich, and where 18 HEMMING WAY lies on this distribution: 63% of terraced houses houses are smaller than 18 HEMMING WAY, and 36% of houses are larger. Note that EPC data is not available for all properties in Norwich.

18 HEMMING WAY: Plot and Title Map

18 HEMMING WAY sits on a plot of roughly 0.032 of an acre, or 131m². The below map shows the location of 18 HEMMING 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 18 HEMMING 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 18 HEMMING WAY?

18 HEMMING WAY is located in NORWICH, in the NR3 postcode district. The below map shows the position of No. 18 on HEMMING WAY.