3, OTTER DRIVE, MULBARTON, NORWICH, NR14 8QG - £220,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 OTTER DRIVE is a very small extended detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £276,245. It was last sold for £220,000 in September 2019, which was around 36% below the average September 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

3 OTTER DRIVE Sold Prices

Land registry data shows three sales for 3 OTTER 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 3 OTTER DRIVE 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
2019 13 SEP	£220,000	£343,547	36% below HPI
2008 26 JUN	£178,000	£245,195	27% below HPI
2003 29 JUL	£133,250	£195,356	32% below HPI

3 OTTER 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 3 OTTER DRIVE sales between July 2003 and September 2019 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 2008 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2019 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 3 OTTER DRIVE be worth now?

3 OTTER DRIVE might now be worth an estimated £276,245.

This is based on house price inflation of 25.6%, between September 2019 and December 2024, 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 25.6% inflationary increase is applied to the most recent sale price for 3 OTTER DRIVE of £220,000 on 13th September 2019. For the value to have increased from £220,000 to £276,245 over the four years and nine months to December 2024, the following assumptions must hold true:

• The value of 3 OTTER DRIVE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The September 2019 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OTTER DRIVE has not materially changed since September 2019.

How Large is 3 OTTER DRIVE?

3 OTTER DRIVE is 77m², which includes two extensions, according to the EPC inspection conducted in July 2023. This puts it in the smallest 20% of detached houses houses in Mulbarton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mulbarton, and where 3 OTTER DRIVE lies on this distribution: 12% of detached houses houses are smaller than 3 OTTER DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Mulbarton.

3 OTTER DRIVE: Plot and Title Map

3 OTTER DRIVE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 3 OTTER 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 3 OTTER 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 3 OTTER DRIVE?

3 OTTER DRIVE is located in MULBARTON, in the NR14 postcode district. The below map shows the position of No. 3 on OTTER DRIVE.