1, NEWMARKET DRIVE, CRINGLEFORD, NORWICH, NR4 6XL - £580,000

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 NEWMARKET DRIVE is a large detached house of 162m², built sometime between 1996 and 2002. It was last sold for £580,000 in January 2020, which was around 70% above the average January 2020 detached price in the South Norfolk local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

1 NEWMARKET DRIVE Sold Prices

Land registry data shows two sales for 1 NEWMARKET DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two 1 NEWMARKET DRIVE 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
2020 31 JAN	£580,000	£341,284	70% above HPI
2001 5 OCT	£250,000	£143,990	74% above HPI

1 NEWMARKET DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 1 NEWMARKET DRIVE sales from October 2001 and January 2020 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 October 2001 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the January 2020 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is 1 NEWMARKET DRIVE?

1 NEWMARKET DRIVE is 162m² according to the EPC inspection conducted in May 2019. This puts it in the largest 40% of detached houses in Cringleford, based on EPC data. The below chart shows the distribution of detached houses by size in Cringleford, and where 1 NEWMARKET DRIVE lies on this distribution: 68% of detached houses are smaller than 1 NEWMARKET DRIVE, and 31% of houses are larger. Note that EPC data is not available for all properties in Cringleford.

1 NEWMARKET DRIVE: Plot and Title Map

1 NEWMARKET DRIVE sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of 1 NEWMARKET 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 NEWMARKET 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 NEWMARKET DRIVE?

1 NEWMARKET DRIVE is located in CRINGLEFORD, in the NR4 postcode district. The below map shows the position of No. 1 on NEWMARKET DRIVE.