2, THE RHOND, HOVETON, NORWICH, NR12 8UE - £325,000

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.

2 THE RHOND is a small extended detached house of 97m², built sometime between 1983 and 1990, which could now be worth an estimated £619,864. It was last sold for £325,000 in August 2009, which was around 44% above the average August 2009 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

2 THE RHOND Sold Prices

Land registry data shows two sales for 2 THE RHOND since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two 2 THE RHOND 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
2009 13 AUG	£325,000	£225,881	44% above HPI
1998 12 JUN	£134,500	£85,890	57% above HPI

2 THE RHOND 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 two 2 THE RHOND sales from June 1998 and August 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 June 1998 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the August 2009 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 2 THE RHOND be worth now?

2 THE RHOND might now be worth an estimated £619,864.

This is based on house price inflation of 90.7%, between August 2009 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 90.7% inflationary increase is applied to the most recent sale price for 2 THE RHOND of £325,000 on 13th August 2009. For the value to have increased from £325,000 to £619,864 over the sixteen years and six months to February 2025, the following assumptions must hold true:

• The value of 2 THE RHOND has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The August 2009 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE RHOND has not materially changed since August 2009.

How Large is 2 THE RHOND?

2 THE RHOND is 97m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 40% of detached houses houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hoveton, and where 2 THE RHOND lies on this distribution: 39% of detached houses houses are smaller than 2 THE RHOND, and 60% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

2 THE RHOND: Plot and Title Map

2 THE RHOND sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 2 THE RHOND, 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 THE RHOND). 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 THE RHOND?

2 THE RHOND is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 2 on THE RHOND.