1, MELTON DRIVE, TAVERHAM, NORWICH, NR8 6TT - £230,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MELTON DRIVE is a small detached house of 95m², built sometime between 1991 and 1995. It was last sold for £230,000 in July 2017, which was around 30% below the average July 2017 detached price in the Broadland local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

1 MELTON DRIVE Sold Prices

Land registry data shows four sales for 1 MELTON DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 1 MELTON DRIVE sales were for below 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 25 JUL	£230,000	£329,246	30% below HPI
2011 21 FEB	£167,500	£227,434	26% below HPI
2002 19 FEB	£107,950	£145,849	26% below HPI
1995 28 APR	£60,000	£70,047	14% below HPI

1 MELTON DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The four 1 MELTON DRIVE sales between April 1995 and July 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 February 2011 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2017 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 1 MELTON DRIVE?

1 MELTON DRIVE is 95m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 30% of detached houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses by size in Taverham, and where 1 MELTON DRIVE lies on this distribution: 27% of detached houses are smaller than 1 MELTON DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Taverham.

1 MELTON DRIVE: Plot and Title Map

1 MELTON DRIVE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 1 MELTON DRIVE, 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 MELTON DRIVE). 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 MELTON DRIVE?

1 MELTON DRIVE is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 1 on MELTON DRIVE.