5, REEDHAM DRIVE, HOVETON, NORWICH, NR12 8GB - £335,000

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 REEDHAM DRIVE is a large detached house of 119m². It was last sold for £335,000 in September 2015, which was around 12% above the average September 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2014, where the current energy rating was A, and the potential energy rating was A.

5 REEDHAM DRIVE Sold Prices

Land registry data shows two sales for 5 REEDHAM 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 5 REEDHAM DRIVE sales were 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
2015 22 SEP	£335,000	£298,068	12% above HPI
2014 27 JUN	£296,950	£266,585	11% above HPI

5 REEDHAM 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 5 REEDHAM DRIVE sales from June 2014 and September 2015 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 June 2014 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the September 2015 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 5 REEDHAM DRIVE?

5 REEDHAM DRIVE is 119m² according to the EPC inspection conducted in June 2014. This puts it in the largest 40% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where 5 REEDHAM DRIVE lies on this distribution: 66% of detached houses are smaller than 5 REEDHAM DRIVE, and 31% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

5 REEDHAM DRIVE: Plot and Title Map

5 REEDHAM DRIVE sits on a plot of roughly 50.2 acres, or 203,251m². The below map shows the location of 5 REEDHAM 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 REEDHAM 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 REEDHAM DRIVE?

5 REEDHAM DRIVE is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 5 on REEDHAM DRIVE.