5, FARMAN WAY, BLOFIELD, NORWICH, NR13 4FG - £295,000

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.

5 FARMAN WAY is a small semi-detached house of 112m², which could now be worth an estimated £358,978. It was last sold for £295,000 in January 2019, which was around 30% above the average January 2019 semi-detached price in the Broadland local authority area. The most recent EPC inspection was December 2017, where the current energy rating was B, and the potential energy rating was A.

5 FARMAN WAY Sold Prices

Land registry data shows two sales for 5 FARMAN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Broadland local authority area for the corresponding sale date. Both of the two 5 FARMAN WAY 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
2019 17 JAN	£295,000	£226,477	30% above HPI
2018 5 JAN	£300,000	£214,841	40% above HPI

5 FARMAN WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Broadland local authority area over time, sourced from the HPI. The two 5 FARMAN WAY sales from January 2018 and January 2019 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 January 2018 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the January 2019 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 5 FARMAN WAY be worth now?

5 FARMAN WAY might now be worth an estimated £358,978.

This is based on house price inflation of 21.7%, between January 2019 and March 2026, for semi-detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.7% inflationary increase is applied to the most recent sale price for 5 FARMAN WAY of £295,000 on 17th January 2019. For the value to have increased from £295,000 to £358,978 over the six years and ten months to March 2026, the following assumptions must hold true:

• The value of 5 FARMAN WAY has moved in line with the HPI for semi-detached houses in the Broadland local authority area.
• The January 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FARMAN WAY has not materially changed since January 2019.

How Large is 5 FARMAN WAY?

5 FARMAN WAY is 112m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 40% of semi-detached houses houses in Blofield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Blofield, and where 5 FARMAN WAY lies on this distribution: 36% of semi-detached houses houses are smaller than 5 FARMAN WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Blofield.

5 FARMAN WAY: Plot and Title Map

5 FARMAN WAY sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 5 FARMAN 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 5 FARMAN 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 5 FARMAN WAY?

5 FARMAN WAY is located in BLOFIELD, in the NR13 postcode district. The below map shows the position of No. 5 on FARMAN WAY.