1, STATION DRIVE, REEDHAM, NORWICH, NR13 3JF - £290,000

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 STATION DRIVE is a small detached house of 90m², built sometime between 1991 and 1995. It was last sold for £290,000 in September 2021, which was around 24% below the average September 2021 detached price in the Broadland local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

1 STATION DRIVE Sold Prices

Land registry data shows three sales for 1 STATION DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 1 STATION 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
2021 10 SEP	£290,000	£380,333	24% below HPI
2007 14 FEB	£197,450	£246,443	20% below HPI
2002 19 APR	£94,950	£149,012	36% below HPI

1 STATION 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 three 1 STATION DRIVE sales between April 2002 and September 2021 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 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2021 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 1 STATION DRIVE?

1 STATION DRIVE is 90m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 30% of detached houses in Reedham, based on EPC data. The below chart shows the distribution of detached houses by size in Reedham, and where 1 STATION DRIVE lies on this distribution: 20% of detached houses are smaller than 1 STATION DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Reedham.

1 STATION DRIVE: Plot and Title Map

1 STATION DRIVE sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 1 STATION 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 STATION 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 STATION DRIVE?

1 STATION DRIVE is located in REEDHAM, in the NR13 postcode district. The below map shows the position of No. 1 on STATION DRIVE.