5, OTTER DRIVE, MULBARTON, NORWICH, NR14 8QG - £243,000

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

5 OTTER DRIVE is a very small detached house of 85m², built sometime between 1983 and 1990. It was last sold for £243,000 in March 2019, which was around 29% below the average March 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

5 OTTER DRIVE Sold Prices

Land registry data shows three sales for 5 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 5 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 15 MAR	£243,000	£344,185	29% below HPI
2013 26 APR	£167,000	£240,972	31% below HPI
1998 14 AUG	£63,000	£86,159	27% below HPI

5 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 5 OTTER DRIVE sales between August 1998 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 April 2013 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2019 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 5 OTTER DRIVE?

5 OTTER DRIVE is 85m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of detached houses in Mulbarton, based on EPC data. The below chart shows the distribution of detached houses by size in Mulbarton, and where 5 OTTER DRIVE lies on this distribution: 18% of detached houses are smaller than 5 OTTER DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Mulbarton.

5 OTTER DRIVE: Plot and Title Map

5 OTTER DRIVE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 5 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 5 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 5 OTTER DRIVE?

5 OTTER DRIVE is located in MULBARTON, in the NR14 postcode district. The below map shows the position of No. 5 on OTTER DRIVE.