2, WAVENEY DRIVE, HOVETON, NORWICH, NR12 8DP - £307,000

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 WAVENEY DRIVE is a large extended detached house of 117m², built sometime between 1967 and 1975. It was last sold for £307,000 in March 2017, which was around 3% below the average March 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

2 WAVENEY DRIVE Sold Prices

Land registry data shows three sales for 2 WAVENEY 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 North Norfolk local authority area for the corresponding sale date. The three 2 WAVENEY DRIVE sales were a mix of below the average price, and roughly equal to 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
2017 10 MAR	£307,000	£316,743	3% below HPI
2015 30 APR	£274,000	£273,039	Close to HPI
2012 5 OCT	£210,000	£243,526	14% below HPI

2 WAVENEY DRIVE 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 WAVENEY DRIVE sales between October 2012 and March 2017 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 2015 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2017 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 2 WAVENEY DRIVE?

2 WAVENEY DRIVE is 117m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 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 WAVENEY DRIVE lies on this distribution: 64% of detached houses are smaller than 2 WAVENEY DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

2 WAVENEY DRIVE: Plot and Title Map

2 WAVENEY DRIVE sits on a plot of roughly 0.159 of an acre, or 645m². The below map shows the location of 2 WAVENEY 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 2 WAVENEY 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 2 WAVENEY DRIVE?

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