47, WAVENEY DRIVE, HOVETON, NORWICH, NR12 8DS - £340,000

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

47 WAVENEY DRIVE is a small detached house of 85m², built sometime between 1967 and 1975. It was last sold for £340,000 in September 2022, which was around 23% below the average September 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2019, where the current energy rating was E, and the potential energy rating was C.

47 WAVENEY DRIVE Sold Prices

Land registry data shows two sales for 47 WAVENEY 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. Both of the two 47 WAVENEY 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
2022 12 SEP	£340,000	£443,591	23% below HPI
2021 21 JAN	£249,000	£376,042	34% below HPI

47 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 two 47 WAVENEY DRIVE sales from January 2021 and September 2022 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 January 2021 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the September 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 47 WAVENEY DRIVE?

47 WAVENEY DRIVE is 85m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where 47 WAVENEY DRIVE lies on this distribution: 29% of detached houses are smaller than 47 WAVENEY DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

47 WAVENEY DRIVE: Plot and Title Map

47 WAVENEY DRIVE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 47 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 47 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 47 WAVENEY DRIVE?

47 WAVENEY DRIVE is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 47 on WAVENEY DRIVE.