5, PARK DRIVE, HETHERSETT, NORWICH, NR9 3EL - £350,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 PARK DRIVE is a large extended detached house of 137m², built sometime between 1976 and 1982, which could now be worth an estimated £359,661. It was last sold for £350,000 in November 2024, which was around 18% below the average November 2024 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 four sales for 5 PARK DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the four 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
2024 15 NOV	£350,000	£428,273	18% below HPI
2004 15 OCT	£164,500	£232,595	29% below HPI
2003 27 NOV	£152,950	£204,214	25% below HPI
1999 31 MAR	£68,950	£87,154	21% 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 four 5 PARK DRIVE sales between March 1999 and November 2024 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 October 2004 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2024 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 5 PARK DRIVE be worth now?

5 PARK DRIVE might now be worth an estimated £359,661.

This is based on house price inflation of 2.8%, between November 2024 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% inflationary increase is applied to the most recent sale price for 5 PARK DRIVE of £350,000 on 15th November 2024. For the value to have increased from £350,000 to £359,661 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 5 PARK DRIVE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The November 2024 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PARK DRIVE has not materially changed since November 2024.

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 houses in Hethersett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hethersett, and where 5 PARK DRIVE lies on this distribution: 75% of detached houses 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.