5, PARK DRIVE, HETHERSETT, NORWICH, NR9 3EL - £164,500

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 PARK DRIVE is a large extended detached house of 137m², built sometime between 1976 and 1982. It was last sold for £164,500 in October 2004, which was around 27% below the average October 2004 detached price in the South Norfolk local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

5 PARK DRIVE Sold Prices

Land registry data shows three sales for 5 PARK 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 PARK 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
2004 15 OCT	£164,500	£225,527	27% below HPI
2003 27 NOV	£152,950	£198,009	23% below HPI
1999 31 MAR	£68,950	£84,506	18% below HPI

5 PARK 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 PARK DRIVE sales between March 1999 and October 2004 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 November 2003 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2004 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 5 PARK DRIVE?

5 PARK DRIVE is 137m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the largest 30% of detached houses in Hethersett, based on EPC data. The below chart shows the distribution of detached houses by size in Hethersett, and where 5 PARK DRIVE lies on this distribution: 75% of detached houses are smaller than 5 PARK DRIVE, and 25% of houses are larger. Note that EPC data is not available for all properties in Hethersett.

5 PARK DRIVE: Plot and Title Map

5 PARK DRIVE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 5 PARK 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 PARK 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 PARK DRIVE?

5 PARK DRIVE is located in HETHERSETT, in the NR9 postcode district. The below map shows the position of No. 5 on PARK DRIVE.