7, THE WALNUTS, NORWICH, NR4 6SR - £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.

7 THE WALNUTS is a small terraced house of 86m², built sometime between 1967 and 1975, which could now be worth an estimated £322,631. It was last sold for £295,000 in February 2022, which was around 24% above the average February 2022 terraced price in the Norwich local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

7 THE WALNUTS Sold Prices

Land registry data shows two sales for 7 THE WALNUTS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Norwich local authority area for the corresponding sale date. Both of the two 7 THE WALNUTS 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
2022 28 FEB	£295,000	£238,525	24% above HPI
2014 31 JAN	£189,000	£160,086	18% above HPI

7 THE WALNUTS 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 two 7 THE WALNUTS sales from January 2014 and February 2022 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 2014 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the February 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 7 THE WALNUTS be worth now?

7 THE WALNUTS might now be worth an estimated £322,631.

This is based on house price inflation of 9.4%, between February 2022 and May 2026, 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 9.4% inflationary increase is applied to the most recent sale price for 7 THE WALNUTS of £295,000 on 28th February 2022. For the value to have increased from £295,000 to £322,631 over the three years and nine months to May 2026, the following assumptions must hold true:

• The value of 7 THE WALNUTS has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The February 2022 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE WALNUTS has not materially changed since February 2022.

How Large is 7 THE WALNUTS?

7 THE WALNUTS is 86m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 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 7 THE WALNUTS lies on this distribution: 24% of terraced houses houses are smaller than 7 THE WALNUTS, and 75% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 THE WALNUTS: Plot and Title Map

7 THE WALNUTS sits on a plot of roughly 1.4 acres, or 5,486m². The below map shows the location of 7 THE WALNUTS, 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 THE WALNUTS). 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 THE WALNUTS?

7 THE WALNUTS is located in NORWICH, in the NR4 postcode district. The below map shows the position of No. 7 on THE WALNUTS.