16, NEWFOUND DRIVE, NORWICH, NR4 7RY - £750,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 NEWFOUND DRIVE is a small extended detached house of 125m², built sometime between 1950 and 1966. It was last sold for £750,000 in March 2024, which was around 83% above the average March 2024 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

16 NEWFOUND DRIVE Sold Prices

Land registry data shows two sales for 16 NEWFOUND 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 South Norfolk local authority area for the corresponding sale date. Both of the two 16 NEWFOUND 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
2024 28 MAR	£750,000	£410,043	83% above HPI
2018 9 NOV	£430,000	£341,225	26% above HPI

16 NEWFOUND 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 two 16 NEWFOUND DRIVE sales from November 2018 and March 2024 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 November 2018 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the March 2024 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

How Large is 16 NEWFOUND DRIVE?

16 NEWFOUND DRIVE is 125m², which includes three extensions, according to the EPC inspection conducted in August 2023. This puts it in the smallest 40% of detached houses in Cringleford, based on EPC data. The below chart shows the distribution of detached houses by size in Cringleford, and where 16 NEWFOUND DRIVE lies on this distribution: 38% of detached houses are smaller than 16 NEWFOUND DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Cringleford.

16 NEWFOUND DRIVE: Plot and Title Map

16 NEWFOUND DRIVE sits on a plot of roughly 0.219 of an acre, or 885m². The below map shows the location of 16 NEWFOUND 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 16 NEWFOUND 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 16 NEWFOUND DRIVE?

16 NEWFOUND DRIVE is located in NORWICH, in the NR4 postcode district. The below map shows the position of No. 16 on NEWFOUND DRIVE.