15, PINEWOOD DRIVE, HORNING, NORWICH, NR12 8LZ - £480,000

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.

15 PINEWOOD DRIVE is a large extended detached house of 154m², built sometime between 1983 and 1990, which could now be worth an estimated £535,542. It was last sold for £480,000 in December 2020, which was around 24% above the average December 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

15 PINEWOOD DRIVE Sold Prices

Land registry data shows four sales for 15 PINEWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four 15 PINEWOOD DRIVE sales were for above 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
2020 15 DEC	£480,000	£386,136	24% above HPI
2010 27 JUL	£350,000	£249,247	40% above HPI
2004 26 MAR	£312,000	£197,028	58% above HPI
2001 18 APR	£185,000	£116,928	58% above HPI

15 PINEWOOD 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 four 15 PINEWOOD DRIVE sales between April 2001 and December 2020 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 2010 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the December 2020 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 15 PINEWOOD DRIVE be worth now?

15 PINEWOOD DRIVE might now be worth an estimated £535,542.

This is based on house price inflation of 11.6%, between December 2020 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 11.6% inflationary increase is applied to the most recent sale price for 15 PINEWOOD DRIVE of £480,000 on 15th December 2020. For the value to have increased from £480,000 to £535,542 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 15 PINEWOOD DRIVE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The December 2020 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PINEWOOD DRIVE has not materially changed since December 2020.

How Large is 15 PINEWOOD DRIVE?

15 PINEWOOD DRIVE is 154m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 30% of detached houses houses in Horning, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horning, and where 15 PINEWOOD DRIVE lies on this distribution: 70% of detached houses houses are smaller than 15 PINEWOOD DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Horning.

15 PINEWOOD DRIVE: Plot and Title Map

15 PINEWOOD DRIVE sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of 15 PINEWOOD 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 15 PINEWOOD 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 15 PINEWOOD DRIVE?

15 PINEWOOD DRIVE is located in HORNING, in the NR12 postcode district. The below map shows the position of No. 15 on PINEWOOD DRIVE.