18, THE SHIRES, DRAYTON, NORWICH, NR8 6EX - £247,500

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.

18 THE SHIRES is a very large extended detached house of 140m², built sometime between 1983 and 1990, which could now be worth an estimated £416,989. It was last sold for £247,500 in November 2013, which was around 2% below the average November 2013 detached price in the Broadland local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was C.

18 THE SHIRES Sold Prices

Land registry data shows four sales for 18 THE SHIRES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Most of the four 18 THE SHIRES 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
2013 1 NOV	£247,500	£251,392	2% below HPI
2007 5 APR	£225,500	£248,796	9% below HPI
2005 8 DEC	£210,000	£222,991	6% below HPI
1996 29 MAR	£89,950	£70,271	28% above HPI

18 THE SHIRES 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 four 18 THE SHIRES sales between March 1996 and November 2013 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 April 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the November 2013 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 18 THE SHIRES be worth now?

18 THE SHIRES might now be worth an estimated £416,989.

This is based on house price inflation of 68.5%, between November 2013 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 68.5% inflationary increase is applied to the most recent sale price for 18 THE SHIRES of £247,500 on 1st November 2013. For the value to have increased from £247,500 to £416,989 over the twelve years and nine months to February 2025, the following assumptions must hold true:

• The value of 18 THE SHIRES has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2013 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 18 THE SHIRES has not materially changed since November 2013.

How Large is 18 THE SHIRES?

18 THE SHIRES is 140m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the largest 20% of detached houses houses in Thorpe Marriot, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thorpe Marriot, and where 18 THE SHIRES lies on this distribution: 84% of detached houses houses are smaller than 18 THE SHIRES, and 15% of houses are larger. Note that EPC data is not available for all properties in Thorpe Marriot.

18 THE SHIRES: Plot and Title Map

18 THE SHIRES sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 18 THE SHIRES, 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 18 THE SHIRES). 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 18 THE SHIRES?

18 THE SHIRES is located in DRAYTON, in the NR8 postcode district. The below map shows the position of No. 18 on THE SHIRES.