4, SUMMER DRIVE, HOVETON, NORWICH, NR12 8DY - £305,000

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

4 SUMMER DRIVE is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £305,000 in March 2019, which was around 12% below the average March 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2013, where the current energy rating was E, and the potential energy rating was B.

4 SUMMER DRIVE Sold Prices

Land registry data shows two sales for 4 SUMMER 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 North Norfolk local authority area for the corresponding sale date. One of the two 4 SUMMER 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
2019 1 MAR	£305,000	£347,563	12% below HPI
2013 7 AUG	£250,000	£245,815	2% above HPI

4 SUMMER 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 two 4 SUMMER DRIVE sales from August 2013 and March 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 2013 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2019 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 4 SUMMER DRIVE?

4 SUMMER DRIVE is 74m² according to the EPC inspection conducted in November 2013. 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 4 SUMMER DRIVE lies on this distribution: 11% of detached houses are smaller than 4 SUMMER DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

4 SUMMER DRIVE: Plot and Title Map

4 SUMMER DRIVE sits on a plot of roughly 0.290 of an acre, or 1,173m². The below map shows the location of 4 SUMMER 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 4 SUMMER 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 4 SUMMER DRIVE?

4 SUMMER DRIVE is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 4 on SUMMER DRIVE.