1, ALDERFEN WAY, HOVETON, NORWICH, NR12 8GA - £390,000

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 ALDERFEN WAY is a midsized detached house of 105m². It was last sold for £390,000 in July 2022, which was around 10% below the average July 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2014, where the current energy rating was B, and the potential energy rating was B.

1 ALDERFEN WAY Sold Prices

Land registry data shows two sales for 1 ALDERFEN 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. One of the two 1 ALDERFEN WAY sales was for below the average price, whilst the other was 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 13 JUL	£390,000	£431,331	10% below HPI
2014 5 JUN	£295,350	£266,585	11% above HPI

1 ALDERFEN 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 ALDERFEN WAY sales from June 2014 and July 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 June 2014 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the July 2022 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 1 ALDERFEN WAY?

1 ALDERFEN WAY is 105m² according to the EPC inspection conducted in May 2014. This puts it in the largest 50% 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 ALDERFEN WAY lies on this distribution: 48% of detached houses are smaller than 1 ALDERFEN WAY, and 48% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

1 ALDERFEN WAY: Plot and Title Map

1 ALDERFEN WAY sits on a plot of roughly 11.6 acres, or 47,137m². The below map shows the location of 1 ALDERFEN 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 ALDERFEN 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 ALDERFEN WAY?

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