12, PARK DRIVE, HETHERSETT, NORWICH, NR9 3EL - £265,000

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.

12 PARK DRIVE is a small detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £406,466. It was last sold for £265,000 in August 2015, which was around 8% below the average August 2015 detached price in the South Norfolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

12 PARK DRIVE Sold Prices

Land registry data shows three sales for 12 PARK 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 South Norfolk local authority area for the corresponding sale date. All of the three 12 PARK 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
2015 4 AUG	£265,000	£286,925	8% below HPI
2010 1 APR	£214,000	£234,908	9% below HPI
2000 1 AUG	£101,000	£119,015	15% below HPI

12 PARK 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 three 12 PARK DRIVE sales between August 2000 and August 2015 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 April 2010 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2015 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 12 PARK DRIVE be worth now?

12 PARK DRIVE might now be worth an estimated £406,466.

This is based on house price inflation of 53.4%, between August 2015 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 53.4% inflationary increase is applied to the most recent sale price for 12 PARK DRIVE of £265,000 on 4th August 2015. For the value to have increased from £265,000 to £406,466 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 12 PARK DRIVE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The August 2015 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PARK DRIVE has not materially changed since August 2015.

How Large is 12 PARK DRIVE?

12 PARK DRIVE is 90m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 30% of detached houses houses in Hethersett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hethersett, and where 12 PARK DRIVE lies on this distribution: 27% of detached houses houses are smaller than 12 PARK DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Hethersett.

12 PARK DRIVE: Plot and Title Map

12 PARK DRIVE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of 12 PARK 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 12 PARK 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 12 PARK DRIVE?

12 PARK DRIVE is located in HETHERSETT, in the NR9 postcode district. The below map shows the position of No. 12 on PARK DRIVE.