5, MILLERS WAY, HORSFORD, NORWICH, NR10 3DU - £260,000

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 MILLERS WAY is a midsized detached house of 115m², built sometime between 1983 and 1990, which could now be worth an estimated £322,319. It was last sold for £260,000 in April 2018, which was around 23% below the average April 2018 detached price in the Broadland local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

5 MILLERS WAY Sold Prices

Land registry data shows two sales for 5 MILLERS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two 5 MILLERS 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
2018 27 APR	£260,000	£337,346	23% below HPI
2015 10 MAR	£225,800	£281,813	20% below HPI

5 MILLERS 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 two 5 MILLERS WAY sales from March 2015 and April 2018 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 March 2015 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2018 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 5 MILLERS WAY be worth now?

5 MILLERS WAY might now be worth an estimated £322,319.

This is based on house price inflation of 24%, between April 2018 and March 2025, for 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 24% inflationary increase is applied to the most recent sale price for 5 MILLERS WAY of £260,000 on 27th April 2018. For the value to have increased from £260,000 to £322,319 over the seven years and one month to March 2025, the following assumptions must hold true:

• The value of 5 MILLERS WAY has moved in line with the HPI for detached houses in the Broadland local authority area.
• The April 2018 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILLERS WAY has not materially changed since April 2018.

How Large is 5 MILLERS WAY?

5 MILLERS WAY is 115m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 50% of detached houses houses in Horsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horsford, and where 5 MILLERS WAY lies on this distribution: 42% of detached houses houses are smaller than 5 MILLERS WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Horsford.

5 MILLERS WAY: Plot and Title Map

5 MILLERS WAY sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 5 MILLERS 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 MILLERS 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 MILLERS WAY?

5 MILLERS WAY is located in HORSFORD, in the NR10 postcode district. The below map shows the position of No. 5 on MILLERS WAY.