3, THE WATERMILL, BRACONDALE MILLGATE, NORWICH, NR1 2EB - £570,000

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 THE WATERMILL is a large terraced house of 134m², built sometime between 1996 and 2002, which could now be worth an estimated £568,205. It was last sold for £570,000 in December 2023, which was around 130% above the average December 2023 terraced price in the Norwich local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

3 THE WATERMILL Sold Prices

Land registry data shows four sales for 3 THE WATERMILL 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 3 THE WATERMILL 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
2023 15 DEC	£570,000	£247,329	130% above HPI
2014 27 JUN	£325,000	£164,356	98% above HPI
2009 21 SEP	£230,000	£133,470	72% above HPI
2001 31 AUG	£182,500	£71,497	155% above HPI

3 THE WATERMILL 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 3 THE WATERMILL sales between August 2001 and December 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 June 2014 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the December 2023 sale, where it rises to 130% above the HPI. The line then continues to track at 130% above the HPI.

What might 3 THE WATERMILL be worth now?

3 THE WATERMILL might now be worth an estimated £568,205.

This is based on house price deflation of 0.3%, between December 2023 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 0.3% deflationary decrease is applied to the most recent sale price for 3 THE WATERMILL of £570,000 on 15th December 2023. For the value to have decreased from £570,000 to £568,205 over the two years and two months to October 2025, the following assumptions must hold true:

• The value of 3 THE WATERMILL has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The December 2023 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE WATERMILL has not materially changed since December 2023.

How Large is 3 THE WATERMILL?

3 THE WATERMILL is 134m² according to the EPC inspection conducted in April 2014. This puts it in the largest 30% 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 3 THE WATERMILL lies on this distribution: 72% of terraced houses houses are smaller than 3 THE WATERMILL, and 27% of houses are larger. Note that EPC data is not available for all properties in Norwich.

3 THE WATERMILL: Plot and Title Map

3 THE WATERMILL sits on a plot of roughly 0.018 of an acre, or 74m². The below map shows the location of 3 THE WATERMILL, 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 THE WATERMILL). 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 THE WATERMILL?

3 THE WATERMILL is located on BRACONDALE MILLGATE in NORWICH, in the NR1 postcode district. The below map shows the position of 3 THE WATERMILL on BRACONDALE MILLGATE.