2, THE CORN WAREHOUSE, BRACONDALE MILLGATE, NORWICH, NR1 2FD - £420,000

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 THE CORN WAREHOUSE is a very large extended detached house of 148m², built sometime between 1996 and 2002, which could now be worth an estimated £402,607. It was last sold for £420,000 in August 2023, which was around 11% below the average August 2023 detached price in the Norwich local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

2 THE CORN WAREHOUSE Sold Prices

Land registry data shows three sales for 2 THE CORN WAREHOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Two of the three 2 THE CORN WAREHOUSE sales were for below the average price, whilst one was 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 23 AUG	£420,000	£470,718	11% below HPI
2005 18 OCT	£240,000	£242,441	1% below HPI
2002 24 JUL	£210,000	£185,748	13% above HPI

2 THE CORN WAREHOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The three 2 THE CORN WAREHOUSE sales between July 2002 and August 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 October 2005 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 2 THE CORN WAREHOUSE be worth now?

2 THE CORN WAREHOUSE might now be worth an estimated £402,607.

This is based on house price deflation of 4.1%, between August 2023 and October 2025, for detached 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 4.1% deflationary decrease is applied to the most recent sale price for 2 THE CORN WAREHOUSE of £420,000 on 23rd August 2023. For the value to have decreased from £420,000 to £402,607 over the one year and ten months to October 2025, the following assumptions must hold true:

• The value of 2 THE CORN WAREHOUSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The August 2023 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE CORN WAREHOUSE has not materially changed since August 2023.

How Large is 2 THE CORN WAREHOUSE?

2 THE CORN WAREHOUSE is 148m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 20% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 2 THE CORN WAREHOUSE lies on this distribution: 81% of detached houses houses are smaller than 2 THE CORN WAREHOUSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 THE CORN WAREHOUSE: Plot and Title Map

2 THE CORN WAREHOUSE sits on a plot of roughly 0.016 of an acre, or 65m². The below map shows the location of 2 THE CORN WAREHOUSE, 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 THE CORN WAREHOUSE). 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 THE CORN WAREHOUSE?

2 THE CORN WAREHOUSE is located on BRACONDALE MILLGATE in NORWICH, in the NR1 postcode district. The below map shows the position of 2 THE CORN WAREHOUSE on BRACONDALE MILLGATE.