4, THE WATERMILL, BRACONDALE MILLGATE, NORWICH, NR1 2EB - £365,000

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 THE WATERMILL is a large extended terraced house of 140m², built sometime between 1996 and 2002, which could now be worth an estimated £446,195. It was last sold for £365,000 in September 2017, which was around 81% above the average September 2017 terraced price in the Norwich local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

4 THE WATERMILL Sold Prices

Land registry data shows four sales for 4 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 4 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
2017 21 SEP	£365,000	£201,685	81% above HPI
2005 14 OCT	£275,000	£129,634	112% above HPI
2002 8 FEB	£230,000	£75,199	206% above HPI
2001 31 MAY	£186,500	£66,615	180% above HPI

4 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 4 THE WATERMILL sales between May 2001 and September 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 October 2005 sale was for 112% above the HPI. So the extrapolation line tracks at 112% above the HPI over time, until the September 2017 sale, where it falls to 81% above the HPI. The line then continues to track at 81% above the HPI.

What might 4 THE WATERMILL be worth now?

4 THE WATERMILL might now be worth an estimated £446,195.

This is based on house price inflation of 22.2%, between September 2017 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 22.2% inflationary increase is applied to the most recent sale price for 4 THE WATERMILL of £365,000 on 21st September 2017. For the value to have increased from £365,000 to £446,195 over the seven years and eleven months to October 2025, the following assumptions must hold true:

• The value of 4 THE WATERMILL has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The September 2017 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE WATERMILL has not materially changed since September 2017.

How Large is 4 THE WATERMILL?

4 THE WATERMILL is 140m², which includes one extension, according to the EPC inspection conducted in July 2016. 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 4 THE WATERMILL lies on this distribution: 75% of terraced houses houses are smaller than 4 THE WATERMILL, and 24% of houses are larger. Note that EPC data is not available for all properties in Norwich.

4 THE WATERMILL: Plot and Title Map

4 THE WATERMILL sits on a plot of roughly 0.019 of an acre, or 76m². The below map shows the location of 4 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 4 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 4 THE WATERMILL?

4 THE WATERMILL is located on BRACONDALE MILLGATE in NORWICH, in the NR1 postcode district. The below map shows the position of 4 THE WATERMILL on BRACONDALE MILLGATE.