16, ORCHARD BANK, DRAYTON, NORWICH, NR8 6RN - £175,000

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.

16 ORCHARD BANK is a midsized detached house of 126m², built sometime between 1983 and 1990, which could now be worth an estimated £328,019. It was last sold for £175,000 in October 2009, which was around 23% below the average October 2009 detached price in the Broadland local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

16 ORCHARD BANK Sold Prices

Land registry data shows two sales for 16 ORCHARD BANK 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 16 ORCHARD BANK 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
2009 28 OCT	£175,000	£225,964	23% below HPI
1996 4 OCT	£55,000	£74,102	26% below HPI

16 ORCHARD BANK 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 16 ORCHARD BANK sales from October 1996 and October 2009 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 October 1996 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2009 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 16 ORCHARD BANK be worth now?

16 ORCHARD BANK might now be worth an estimated £328,019.

This is based on house price inflation of 87.4%, between October 2009 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 87.4% inflationary increase is applied to the most recent sale price for 16 ORCHARD BANK of £175,000 on 28th October 2009. For the value to have increased from £175,000 to £328,019 over the sixteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 ORCHARD BANK has moved in line with the HPI for detached houses in the Broadland local authority area.
• The October 2009 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ORCHARD BANK has not materially changed since October 2009.

How Large is 16 ORCHARD BANK?

16 ORCHARD BANK is 126m² according to the EPC inspection conducted in April 2009. This puts it in the largest 50% of detached houses houses in Drayton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Drayton, and where 16 ORCHARD BANK lies on this distribution: 53% of detached houses houses are smaller than 16 ORCHARD BANK, and 47% of houses are larger. Note that EPC data is not available for all properties in Drayton.

16 ORCHARD BANK: Plot and Title Map

16 ORCHARD BANK sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 16 ORCHARD BANK, 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 ORCHARD BANK). 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 ORCHARD BANK?

16 ORCHARD BANK is located in DRAYTON, in the NR8 postcode district. The below map shows the position of No. 16 on ORCHARD BANK.