28, REEDS WAY, LODDON, NORWICH, NR14 6FE - £313,495

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.

28 REEDS WAY is a midsized detached house of 114m², which could now be worth an estimated £461,976. It was last sold for £313,495 in October 2015, which was around 6% above the average October 2015 detached price in the South Norfolk local authority area. The most recent EPC inspection was January 2012, where the current energy rating was B, and the potential energy rating was B.

28 REEDS WAY Sold Prices

Land registry data shows two sales for 28 REEDS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. One of the two 28 REEDS WAY sales was for above the average price, whilst the other was 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
2015 23 OCT	£313,495	£295,655	6% above HPI
2015 24 AUG	£240,000	£286,925	16% below HPI

28 REEDS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 28 REEDS WAY sales from August 2015 and October 2015 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 2015 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2015 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 28 REEDS WAY be worth now?

28 REEDS WAY might now be worth an estimated £461,976.

This is based on house price inflation of 47.4%, between October 2015 and October 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.4% inflationary increase is applied to the most recent sale price for 28 REEDS WAY of £313,495 on 23rd October 2015. For the value to have increased from £313,495 to £461,976 over the ten years to October 2025, the following assumptions must hold true:

• The value of 28 REEDS WAY has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The October 2015 sale price of £313,495 represented a fair market value for the property.
• The size, condition, and specification of 28 REEDS WAY has not materially changed since October 2015.

How Large is 28 REEDS WAY?

28 REEDS WAY is 114m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 40% of detached houses houses in Loddon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loddon, and where 28 REEDS WAY lies on this distribution: 40% of detached houses houses are smaller than 28 REEDS WAY, and 56% of houses are larger. Note that EPC data is not available for all properties in Loddon.

28 REEDS WAY: Plot and Title Map

28 REEDS WAY sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 28 REEDS 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 28 REEDS 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 28 REEDS WAY?

28 REEDS WAY is located in LODDON, in the NR14 postcode district. The below map shows the position of No. 28 on REEDS WAY.