1, WAVENEY DRIVE, HOVETON, NORWICH, NR12 8DP - £260,000

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 WAVENEY DRIVE is a very small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £260,000 in August 2017, which was around 20% below the average August 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

1 WAVENEY DRIVE Sold Prices

Land registry data shows two sales for 1 WAVENEY 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 WAVENEY 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 9 AUG	£260,000	£326,061	20% below HPI
1997 20 AUG	£72,000	£74,432	3% below HPI

1 WAVENEY 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 WAVENEY DRIVE sales from August 1997 and August 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 August 1997 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2017 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 1 WAVENEY DRIVE?

1 WAVENEY DRIVE is 72m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% 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 WAVENEY DRIVE lies on this distribution: 8% of detached houses are smaller than 1 WAVENEY DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

1 WAVENEY DRIVE: Plot and Title Map

1 WAVENEY DRIVE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 1 WAVENEY 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 WAVENEY 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 WAVENEY DRIVE?

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