17, NEWFOUND DRIVE, NORWICH, NR4 7RY - £427,500

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.

17 NEWFOUND DRIVE is a small extended detached house of 106m², built sometime between 1950 and 1966, which could now be worth an estimated £766,126. It was last sold for £427,500 in August 2012, which was around 74% above the average August 2012 detached price in the South Norfolk local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was D.

17 NEWFOUND DRIVE Sold Prices

Land registry data shows three sales for 17 NEWFOUND 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 17 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
2012 16 AUG	£427,500	£245,574	74% above HPI
2005 21 FEB	£310,000	£220,463	41% above HPI
1998 12 JUN	£112,000	£84,533	32% above HPI

17 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 three 17 NEWFOUND DRIVE sales between June 1998 and August 2012 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 February 2005 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the August 2012 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

What might 17 NEWFOUND DRIVE be worth now?

17 NEWFOUND DRIVE might now be worth an estimated £766,126.

This is based on house price inflation of 79.2%, between August 2012 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 79.2% inflationary increase is applied to the most recent sale price for 17 NEWFOUND DRIVE of £427,500 on 16th August 2012. For the value to have increased from £427,500 to £766,126 over the thirteen years and six months to February 2025, the following assumptions must hold true:

• The value of 17 NEWFOUND DRIVE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The August 2012 sale price of £427,500 represented a fair market value for the property.
• The size, condition, and specification of 17 NEWFOUND DRIVE has not materially changed since August 2012.

How Large is 17 NEWFOUND DRIVE?

17 NEWFOUND DRIVE is 106m², which includes one extension, according to the EPC inspection conducted in December 2011. This puts it in the smallest 30% of detached houses houses in Cringleford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cringleford, and where 17 NEWFOUND DRIVE lies on this distribution: 20% of detached houses houses are smaller than 17 NEWFOUND DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Cringleford.

17 NEWFOUND DRIVE: Plot and Title Map

17 NEWFOUND DRIVE sits on a plot of roughly 0.199 of an acre, or 806m². The below map shows the location of 17 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 17 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 17 NEWFOUND DRIVE?

17 NEWFOUND DRIVE is located in NORWICH, in the NR4 postcode district. The below map shows the position of No. 17 on NEWFOUND DRIVE.