7, THE WILLOWS, NORWICH, NR2 4GW - £355,000

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 WILLOWS is a large terraced house of 145m², built sometime between 2003 and 2006, which could now be worth an estimated £461,463. It was last sold for £355,000 in June 2016, which was around 87% above the average June 2016 terraced price in the Norwich local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

7 THE WILLOWS Sold Prices

Land registry data shows four sales for 7 THE WILLOWS 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 7 THE WILLOWS 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
2016 6 JUN	£355,000	£189,669	87% above HPI
2014 14 FEB	£280,000	£161,230	74% above HPI
2004 8 JUL	£249,500	£122,256	104% above HPI
2002 30 AUG	£198,000	£93,566	112% above HPI

7 THE WILLOWS 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 7 THE WILLOWS sales between August 2002 and June 2016 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 February 2014 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the June 2016 sale, where it rises to 87% above the HPI. The line then continues to track at 87% above the HPI.

What might 7 THE WILLOWS be worth now?

7 THE WILLOWS might now be worth an estimated £461,463.

This is based on house price inflation of 30%, between June 2016 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 30% inflationary increase is applied to the most recent sale price for 7 THE WILLOWS of £355,000 on 6th June 2016. For the value to have increased from £355,000 to £461,463 over the eight years and eight months to October 2025, the following assumptions must hold true:

• The value of 7 THE WILLOWS has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The June 2016 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE WILLOWS has not materially changed since June 2016.

How Large is 7 THE WILLOWS?

7 THE WILLOWS is 145m² according to the EPC inspection conducted in October 2009. 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 7 THE WILLOWS lies on this distribution: 79% of terraced houses houses are smaller than 7 THE WILLOWS, and 21% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 THE WILLOWS: Plot and Title Map

7 THE WILLOWS sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 7 THE WILLOWS, 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 WILLOWS). 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 WILLOWS?

7 THE WILLOWS is located in NORWICH, in the NR2 postcode district. The below map shows the position of No. 7 on THE WILLOWS.