148, WILKS FARM DRIVE, SPROWSTON, NORWICH, NR7 8RQ - £225,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

148 WILKS FARM DRIVE is a very small detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £324,064. It was last sold for £225,000 in September 2015, which was around 23% below the average September 2015 detached price in the Broadland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

148 WILKS FARM DRIVE Sold Prices

Land registry data shows two sales for 148 WILKS FARM 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 Broadland local authority area for the corresponding sale date. Both of the two 148 WILKS FARM 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 14 SEP	£225,000	£294,071	23% below HPI
1997 18 JUL	£72,650	£79,702	9% below HPI

148 WILKS FARM 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 two 148 WILKS FARM DRIVE sales from July 1997 and September 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 July 1997 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2015 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 148 WILKS FARM DRIVE be worth now?

148 WILKS FARM DRIVE might now be worth an estimated £324,064.

This is based on house price inflation of 44%, between September 2015 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44% inflationary increase is applied to the most recent sale price for 148 WILKS FARM DRIVE of £225,000 on 14th September 2015. For the value to have increased from £225,000 to £324,064 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 148 WILKS FARM DRIVE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The September 2015 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 148 WILKS FARM DRIVE has not materially changed since September 2015.

How Large is 148 WILKS FARM DRIVE?

148 WILKS FARM DRIVE is 74m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 148 WILKS FARM DRIVE lies on this distribution: 12% of detached houses houses are smaller than 148 WILKS FARM DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Norwich.

148 WILKS FARM DRIVE: Plot and Title Map

148 WILKS FARM DRIVE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 148 WILKS FARM 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 148 WILKS FARM 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 148 WILKS FARM DRIVE?

148 WILKS FARM DRIVE is located in SPROWSTON, in the NR7 postcode district. The below map shows the position of No. 148 on WILKS FARM DRIVE.