2, SMITHFIELD ROAD, NORWICH, NR1 2HN - £370,000

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 SMITHFIELD ROAD is a very large extended terraced house of 212m², built sometime between 1900 and 1929, which could now be worth an estimated £417,499. It was last sold for £370,000 in February 2021, which was around 69% above the average February 2021 terraced price in the Norwich local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

2 SMITHFIELD ROAD Sold Prices

Land registry data shows four sales for 2 SMITHFIELD ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Norwich local authority area for the corresponding sale date. All of the four 2 SMITHFIELD ROAD 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
2021 25 FEB	£370,000	£218,500	69% above HPI
2016 5 AUG	£294,999	£193,085	53% above HPI
2013 4 OCT	£262,000	£154,674	69% above HPI
2000 7 JUL	£150,000	£62,993	138% above HPI

2 SMITHFIELD ROAD 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 four 2 SMITHFIELD ROAD sales between July 2000 and February 2021 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 August 2016 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the February 2021 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

What might 2 SMITHFIELD ROAD be worth now?

2 SMITHFIELD ROAD might now be worth an estimated £417,499.

This is based on house price inflation of 12.8%, between February 2021 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 12.8% inflationary increase is applied to the most recent sale price for 2 SMITHFIELD ROAD of £370,000 on 25th February 2021. For the value to have increased from £370,000 to £417,499 over the three years and four months to October 2025, the following assumptions must hold true:

• The value of 2 SMITHFIELD ROAD has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The February 2021 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SMITHFIELD ROAD has not materially changed since February 2021.

How Large is 2 SMITHFIELD ROAD?

2 SMITHFIELD ROAD is 212m², which includes two extensions, according to the EPC inspection conducted in October 2020. This puts it in the largest 10% 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 2 SMITHFIELD ROAD lies on this distribution: 96% of terraced houses houses are smaller than 2 SMITHFIELD ROAD, and 4% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 SMITHFIELD ROAD: Plot and Title Map

2 SMITHFIELD ROAD sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 2 SMITHFIELD ROAD, 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 SMITHFIELD ROAD). 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 SMITHFIELD ROAD?

2 SMITHFIELD ROAD is located in NORWICH, in the NR1 postcode district. The below map shows the position of No. 2 on SMITHFIELD ROAD.