4, EDRICH WAY, NORWICH, NR5 9NX - £229,000

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.

4 EDRICH WAY is a midsized extended detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £315,350. It was last sold for £229,000 in December 2015, which was around 33% below the average December 2015 detached price in the Norwich local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

4 EDRICH WAY Sold Prices

Land registry data shows four sales for 4 EDRICH 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 Norwich local authority area for the corresponding sale date. All of the four 4 EDRICH 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
2015 10 DEC	£229,000	£340,368	33% below HPI
2014 4 APR	£182,000	£296,927	39% below HPI
2001 16 MAR	£86,500	£134,324	36% below HPI
1999 28 MAY	£70,000	£95,051	26% below HPI

4 EDRICH WAY 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 four 4 EDRICH WAY sales between May 1999 and December 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 April 2014 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2015 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 4 EDRICH WAY be worth now?

4 EDRICH WAY might now be worth an estimated £315,350.

This is based on house price inflation of 37.7%, between December 2015 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 37.7% inflationary increase is applied to the most recent sale price for 4 EDRICH WAY of £229,000 on 10th December 2015. For the value to have increased from £229,000 to £315,350 over the ten years and five months to July 2025, the following assumptions must hold true:

• The value of 4 EDRICH WAY has moved in line with the HPI for detached houses in the Norwich local authority area.
• The December 2015 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of 4 EDRICH WAY has not materially changed since December 2015.

How Large is 4 EDRICH WAY?

4 EDRICH WAY is 103m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 50% 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 4 EDRICH WAY lies on this distribution: 44% of detached houses houses are smaller than 4 EDRICH WAY, and 56% of houses are larger. Note that EPC data is not available for all properties in Norwich.

4 EDRICH WAY: Plot and Title Map

4 EDRICH WAY sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 4 EDRICH 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 4 EDRICH 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 4 EDRICH WAY?

4 EDRICH WAY is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 4 on EDRICH WAY.