2, FRESHWATER WAY, DRAYTON, NORWICH, NR8 6BY - £325,000

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.

2 FRESHWATER WAY is a very small terraced house of 71m², built sometime between 1991 and 1995, which could now be worth an estimated £320,193. It was last sold for £325,000 in April 2023, which was around 48% above the average April 2023 terraced price in the Broadland local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

2 FRESHWATER WAY Sold Prices

Land registry data shows five sales for 2 FRESHWATER WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Broadland local authority area for the corresponding sale date. All of the five 2 FRESHWATER 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
2023 11 APR	£325,000	£219,994	48% above HPI
2019 25 JUL	£243,000	£186,412	30% above HPI
2002 19 AUG	£132,500	£85,458	55% above HPI
1998 13 FEB	£62,000	£41,182	51% above HPI
1995 10 JUL	£63,000	£38,684	63% above HPI

2 FRESHWATER WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Broadland local authority area over time, sourced from the HPI. The five 2 FRESHWATER WAY sales between July 1995 and April 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 July 2019 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the April 2023 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might 2 FRESHWATER WAY be worth now?

2 FRESHWATER WAY might now be worth an estimated £320,193.

This is based on house price deflation of 1.5%, between April 2023 and June 2025, for terraced 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 1.5% deflationary decrease is applied to the most recent sale price for 2 FRESHWATER WAY of £325,000 on 11th April 2023. For the value to have decreased from £325,000 to £320,193 over the one year and ten months to June 2025, the following assumptions must hold true:

• The value of 2 FRESHWATER WAY has moved in line with the HPI for terraced houses in the Broadland local authority area.
• The April 2023 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FRESHWATER WAY has not materially changed since April 2023.

How Large is 2 FRESHWATER WAY?

2 FRESHWATER WAY is 71m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 10% of terraced houses houses in Thorpe Marriot, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Thorpe Marriot, and where 2 FRESHWATER WAY lies on this distribution: 9% of terraced houses houses are smaller than 2 FRESHWATER WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Thorpe Marriot.

2 FRESHWATER WAY: Plot and Title Map

2 FRESHWATER WAY sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 2 FRESHWATER 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 2 FRESHWATER 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 2 FRESHWATER WAY?

2 FRESHWATER WAY is located in DRAYTON, in the NR8 postcode district. The below map shows the position of No. 2 on FRESHWATER WAY.