3, PHOENIX DRIVE, LINGWOOD, NORWICH, NR13 4FB - £295,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 PHOENIX DRIVE is a midsized detached house of 116m², built sometime between 2003 and 2006. It was last sold for £295,000 in March 2021, which was around 18% below the average March 2021 detached price in the Broadland local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

3 PHOENIX DRIVE Sold Prices

Land registry data shows two sales for 3 PHOENIX DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. One of the two 3 PHOENIX DRIVE sales was for below the average price, whilst the other was 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
2021 22 MAR	£295,000	£360,070	18% below HPI
2006 12 DEC	£249,950	£244,135	2% above HPI

3 PHOENIX DRIVE 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 two 3 PHOENIX DRIVE sales from December 2006 and March 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 December 2006 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 3 PHOENIX DRIVE?

3 PHOENIX DRIVE is 116m² according to the EPC inspection conducted in November 2020. This puts it in the largest 40% of detached houses in Lingwood, based on EPC data. The below chart shows the distribution of detached houses by size in Lingwood, and where 3 PHOENIX DRIVE lies on this distribution: 59% of detached houses are smaller than 3 PHOENIX DRIVE, and 40% of houses are larger. Note that EPC data is not available for all properties in Lingwood.

3 PHOENIX DRIVE: Plot and Title Map

3 PHOENIX DRIVE sits on a plot of roughly 0.118 of an acre, or 476m². The below map shows the location of 3 PHOENIX 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 PHOENIX 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 PHOENIX DRIVE?

3 PHOENIX DRIVE is located in LINGWOOD, in the NR13 postcode district. The below map shows the position of No. 3 on PHOENIX DRIVE.