7, MERCHANT WAY, NORWICH, NR6 5HS - £210,000

7 MERCHANT WAY is a very small detached house of 54m², built sometime between 1983 and 1990. It was last sold for £210,000 in September 2023, which was around 49% below the average September 2023 detached price in the Broadland local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

7 MERCHANT WAY Sold Prices

Land registry data shows five sales for 7 MERCHANT WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the five 7 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
2023 20 SEP	£210,000	£413,699	49% below HPI
2020 22 JAN	£175,000	£343,174	49% below HPI
2017 12 MAY	£180,000	£321,683	44% below HPI
2013 25 OCT	£140,000	£251,000	44% below HPI
2000 27 OCT	£66,000	£119,350	45% below HPI

7 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 five 7 MERCHANT WAY sales between October 2000 and September 2023 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 2020 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the September 2023 sale, which was also at 49% below the HPI.

How Large is 7 MERCHANT WAY?

7 MERCHANT WAY is 54m² according to the EPC inspection conducted in August 2013. 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 7 MERCHANT WAY lies on this distribution: 2% of detached houses are smaller than 7 MERCHANT WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 MERCHANT WAY: Plot and Title Map

7 MERCHANT WAY sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 7 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 7 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 7 MERCHANT WAY?

7 MERCHANT WAY is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 7 on MERCHANT WAY.