3, DOWNING MEWS, NORWICH, NR5 9PE - £495,000

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.

3 DOWNING MEWS is a large extended detached house of 134m², built sometime between 1991 and 1995, which could now be worth an estimated £487,667. It was last sold for £495,000 in July 2022, which was around 4% above the average July 2022 detached price in the Norwich local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

3 DOWNING MEWS Sold Prices

Land registry data shows five sales for 3 DOWNING MEWS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Most of the five 3 DOWNING MEWS 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
2022 29 JUL	£495,000	£475,760	4% above HPI
2013 13 JUN	£295,000	£282,430	4% above HPI
2006 14 DEC	£305,000	£277,754	10% above HPI
2005 28 APR	£217,000	£235,954	8% below HPI
1997 20 JUN	£100,000	£83,743	19% above HPI

3 DOWNING MEWS 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 five 3 DOWNING MEWS sales between June 1997 and July 2022 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 June 2013 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the July 2022 sale, which was also at 4% above the HPI.

What might 3 DOWNING MEWS be worth now?

3 DOWNING MEWS might now be worth an estimated £487,667.

This is based on house price deflation of 1.5%, between July 2022 and July 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 1.5% deflationary decrease is applied to the most recent sale price for 3 DOWNING MEWS of £495,000 on 29th July 2022. For the value to have decreased from £495,000 to £487,667 over the three years to July 2025, the following assumptions must hold true:

• The value of 3 DOWNING MEWS has moved in line with the HPI for detached houses in the Norwich local authority area.
• The July 2022 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 3 DOWNING MEWS has not materially changed since July 2022.

How Large is 3 DOWNING MEWS?

3 DOWNING MEWS is 134m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 30% 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 3 DOWNING MEWS lies on this distribution: 72% of detached houses houses are smaller than 3 DOWNING MEWS, and 27% of houses are larger. Note that EPC data is not available for all properties in Norwich.

3 DOWNING MEWS: Plot and Title Map

3 DOWNING MEWS sits on a plot of roughly 0.143 of an acre, or 580m². The below map shows the location of 3 DOWNING MEWS, 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 3 DOWNING MEWS). 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 3 DOWNING MEWS?

3 DOWNING MEWS is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 3 on DOWNING MEWS.