1, RANWORTH DRIVE, HOVETON, NORWICH, NR12 8GL - £350,000

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.

1 RANWORTH DRIVE is a very small detached house of 74m², which could now be worth an estimated £365,668. It was last sold for £350,000 in May 2024, which was around 15% below the average May 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2013, where the current energy rating was B, and the potential energy rating was B.

1 RANWORTH DRIVE Sold Prices

Land registry data shows two sales for 1 RANWORTH 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 North Norfolk local authority area for the corresponding sale date. Both of the two 1 RANWORTH 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
2024 9 MAY	£350,000	£412,357	15% below HPI
2014 21 JUL	£242,950	£268,696	10% below HPI

1 RANWORTH DRIVE 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 RANWORTH DRIVE sales from July 2014 and May 2024 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 July 2014 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2024 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 1 RANWORTH DRIVE be worth now?

1 RANWORTH DRIVE might now be worth an estimated £365,668.

This is based on house price inflation of 4.5%, between May 2024 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.5% inflationary increase is applied to the most recent sale price for 1 RANWORTH DRIVE of £350,000 on 9th May 2024. For the value to have increased from £350,000 to £365,668 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 1 RANWORTH DRIVE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The May 2024 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RANWORTH DRIVE has not materially changed since May 2024.

How Large is 1 RANWORTH DRIVE?

1 RANWORTH DRIVE is 74m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hoveton, and where 1 RANWORTH DRIVE lies on this distribution: 11% of detached houses houses are smaller than 1 RANWORTH DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

1 RANWORTH DRIVE: Plot and Title Map

1 RANWORTH DRIVE sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 1 RANWORTH 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 RANWORTH 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 RANWORTH DRIVE?

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