2, BURNT FEN WAY, HOVETON, NORWICH, NR12 8GJ - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 BURNT FEN WAY is a small detached house of 91m². It was last sold for £325,000 in June 2021, which was around 16% below the average June 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2013, where the current energy rating was B, and the potential energy rating was B.

2 BURNT FEN WAY Sold Prices

Land registry data shows three sales for 2 BURNT FEN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three 2 BURNT FEN WAY 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
2021 29 JUN	£325,000	£386,352	16% below HPI
2019 16 APR	£275,000	£342,994	20% below HPI
2013 7 NOV	£234,950	£251,526	7% below HPI

2 BURNT FEN WAY 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 three 2 BURNT FEN WAY sales between November 2013 and June 2021 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 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 2 BURNT FEN WAY?

2 BURNT FEN WAY is 91m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 40% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where 2 BURNT FEN WAY lies on this distribution: 34% of detached houses are smaller than 2 BURNT FEN WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

2 BURNT FEN WAY: Plot and Title Map

2 BURNT FEN WAY sits on a plot of roughly 11.6 acres, or 47,137m². The below map shows the location of 2 BURNT FEN WAY, 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 2 BURNT FEN WAY). 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 2 BURNT FEN WAY?

2 BURNT FEN WAY is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 2 on BURNT FEN WAY.