24, MERCHANT WAY, NORWICH, NR6 5HS - £173,000

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.

24 MERCHANT WAY is a very small terraced house of 44m², built sometime between 1983 and 1990, which could now be worth an estimated £176,600. It was last sold for £173,000 in September 2023, which was around 21% below the average September 2023 terraced price in the Broadland local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was A.

24 MERCHANT WAY Sold Prices

Land registry data shows five sales for 24 MERCHANT 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 24 MERCHANT 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
2023 8 SEP	£173,000	£220,291	21% below HPI
2021 26 MAR	£150,000	£198,399	24% below HPI
2019 8 OCT	£120,000	£185,025	35% below HPI
2005 31 OCT	£69,950	£122,746	43% below HPI
2005 25 FEB	£97,500	£120,348	19% below HPI

24 MERCHANT 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 24 MERCHANT WAY sales between February 2005 and September 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 March 2021 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 24 MERCHANT WAY be worth now?

24 MERCHANT WAY might now be worth an estimated £176,600.

This is based on house price inflation of 2.1%, between September 2023 and October 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 2.1% inflationary increase is applied to the most recent sale price for 24 MERCHANT WAY of £173,000 on 8th September 2023. For the value to have increased from £173,000 to £176,600 over the one year and eleven months to October 2025, the following assumptions must hold true:

• The value of 24 MERCHANT WAY has moved in line with the HPI for terraced houses in the Broadland local authority area.
• The September 2023 sale price of £173,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MERCHANT WAY has not materially changed since September 2023.

How Large is 24 MERCHANT WAY?

24 MERCHANT WAY is 44m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 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 24 MERCHANT WAY lies on this distribution: Less than 1% of terraced houses houses are smaller than 24 MERCHANT WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Norwich.

24 MERCHANT WAY: Plot and Title Map

24 MERCHANT WAY sits on a plot of roughly 2.3 acres, or 9,156m². The below map shows the location of 24 MERCHANT 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 24 MERCHANT 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 24 MERCHANT WAY?

24 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 24 on MERCHANT WAY.