35, MERCHANT WAY, NORWICH, NR6 5HS - £166,000

35 MERCHANT WAY is a very small detached house of 53m², built sometime between 1983 and 1990. It was last sold for £166,000 in November 2017, which was around 50% below the average November 2017 detached price in the Broadland local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was B.

35 MERCHANT WAY Sold Prices

Land registry data shows four sales for 35 MERCHANT WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 35 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
2017 17 NOV	£166,000	£333,953	50% below HPI
2016 11 FEB	£155,000	£302,743	49% below HPI
2001 1 JUN	£66,000	£129,585	49% below HPI
1997 12 SEP	£52,000	£82,123	37% below HPI

35 MERCHANT WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The four 35 MERCHANT WAY sales between September 1997 and November 2017 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 February 2016 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the November 2017 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 35 MERCHANT WAY?

35 MERCHANT WAY is 53m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 35 MERCHANT WAY lies on this distribution: 1% of detached houses are smaller than 35 MERCHANT WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Norwich.

35 MERCHANT WAY: Plot and Title Map

35 MERCHANT WAY sits on a plot of roughly 2.3 acres, or 9,156m². The below map shows the location of 35 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 35 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 35 MERCHANT WAY?

35 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 35 on MERCHANT WAY.