3, WAVENEY CLOSE, HOVETON, NORWICH, NR12 8DT - £300,000

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

3 WAVENEY CLOSE is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £300,000 in November 2019, which was around 16% below the average November 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

3 WAVENEY CLOSE Sold Prices

Land registry data shows five sales for 3 WAVENEY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the five 3 WAVENEY CLOSE 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 19 NOV	£300,000	£358,965	16% below HPI
2016 5 AUG	£245,000	£307,279	20% below HPI
2010 29 NOV	£238,000	£247,394	4% below HPI
1998 3 JUL	£20,300	£84,538	76% below HPI
1996 5 DEC	£58,000	£70,391	18% below HPI

3 WAVENEY CLOSE 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 five 3 WAVENEY CLOSE sales between December 1996 and November 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 August 2016 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2019 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 3 WAVENEY CLOSE?

3 WAVENEY CLOSE is 74m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 20% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where 3 WAVENEY CLOSE lies on this distribution: 11% of detached houses are smaller than 3 WAVENEY CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

3 WAVENEY CLOSE: Plot and Title Map

3 WAVENEY CLOSE sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 3 WAVENEY CLOSE, 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 WAVENEY CLOSE). 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 WAVENEY CLOSE?

3 WAVENEY CLOSE is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 3 on WAVENEY CLOSE.