98, NEWMARKET STREET, NORWICH, NR2 2DP - £234,000

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.

98 NEWMARKET STREET is a very small extended terraced house of 64m², built sometime before 1900, which could now be worth an estimated £291,575. It was last sold for £234,000 in October 2017, which was around 18% above the average October 2017 terraced price in the Norwich local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

98 NEWMARKET STREET Sold Prices

Land registry data shows four sales for 98 NEWMARKET STREET 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 98 NEWMARKET STREET 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
2017 2 OCT	£234,000	£197,866	18% above HPI
2003 2 JUN	£128,000	£103,687	23% above HPI
2002 20 SEP	£115,000	£95,542	20% above HPI
1999 11 OCT	£52,000	£50,688	3% above HPI

98 NEWMARKET STREET 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 98 NEWMARKET STREET sales between October 1999 and October 2017 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 June 2003 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the October 2017 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 98 NEWMARKET STREET be worth now?

98 NEWMARKET STREET might now be worth an estimated £291,575.

This is based on house price inflation of 24.6%, between October 2017 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 24.6% inflationary increase is applied to the most recent sale price for 98 NEWMARKET STREET of £234,000 on 2nd October 2017. For the value to have increased from £234,000 to £291,575 over the eight years to October 2025, the following assumptions must hold true:

• The value of 98 NEWMARKET STREET has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The October 2017 sale price of £234,000 represented a fair market value for the property.
• The size, condition, and specification of 98 NEWMARKET STREET has not materially changed since October 2017.

How Large is 98 NEWMARKET STREET?

98 NEWMARKET STREET is 64m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% 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 98 NEWMARKET STREET lies on this distribution: 5% of terraced houses houses are smaller than 98 NEWMARKET STREET, and 95% of houses are larger. Note that EPC data is not available for all properties in Norwich.

98 NEWMARKET STREET: Plot and Title Map

98 NEWMARKET STREET sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 98 NEWMARKET STREET, 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 98 NEWMARKET STREET). 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 98 NEWMARKET STREET?

98 NEWMARKET STREET is located in NORWICH, in the NR2 postcode district. The below map shows the position of No. 98 on NEWMARKET STREET.