1, ALBION WAY, HOVETON, NORWICH, NR12 8DL - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 ALBION WAY is a very large extended detached house of 164m², built sometime between 1967 and 1975. It was last sold for £275,000 in January 2004, which was around 41% above the average January 2004 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2009, where the current energy rating was E, and the potential energy rating was D.

1 ALBION WAY Sold Prices

Land registry data shows two sales for 1 ALBION 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 North Norfolk local authority area for the corresponding sale date. Both of the two 1 ALBION WAY 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
2004 9 JAN	£275,000	£194,693	41% above HPI
2002 26 MAR	£187,500	£140,541	33% above HPI

1 ALBION WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two 1 ALBION WAY sales from March 2002 and January 2004 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 2002 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the January 2004 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 1 ALBION WAY?

1 ALBION WAY is 164m², which includes one extension, according to the EPC inspection conducted in June 2009. This puts it in the largest 20% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where 1 ALBION WAY lies on this distribution: 88% of detached houses are smaller than 1 ALBION WAY, and 11% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

1 ALBION WAY: Plot and Title Map

1 ALBION WAY sits on a plot of roughly 0.345 of an acre, or 1,396m². The below map shows the location of 1 ALBION 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 1 ALBION 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 1 ALBION WAY?

1 ALBION WAY is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 1 on ALBION WAY.