5, REEDHAM DRIVE, HOVETON, NORWICH, NR12 8GB - £447,500

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 REEDHAM DRIVE is a large detached house of 120m², built sometime from 2012 onwards, which could now be worth an estimated £463,325. It was last sold for £447,500 in November 2024, which was around 8% above the average November 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2024, where the current energy rating was C, and the potential energy rating was C.

5 REEDHAM DRIVE Sold Prices

Land registry data shows three sales for 5 REEDHAM 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 North Norfolk local authority area for the corresponding sale date. All of the three 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
2024 15 NOV	£447,500	£416,102	8% above HPI
2015 22 SEP	£335,000	£300,953	11% above HPI
2014 27 JUN	£296,950	£269,165	10% 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 three 5 REEDHAM DRIVE sales between June 2014 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 September 2015 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2024 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 5 REEDHAM DRIVE be worth now?

5 REEDHAM DRIVE might now be worth an estimated £463,325.

This is based on house price inflation of 3.5%, between November 2024 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.5% inflationary increase is applied to the most recent sale price for 5 REEDHAM DRIVE of £447,500 on 15th November 2024. For the value to have increased from £447,500 to £463,325 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 5 REEDHAM DRIVE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2024 sale price of £447,500 represented a fair market value for the property.
• The size, condition, and specification of 5 REEDHAM DRIVE has not materially changed since November 2024.

How Large is 5 REEDHAM DRIVE?

5 REEDHAM DRIVE is 120m² according to the EPC inspection conducted in October 2024. This puts it in the largest 40% of detached houses houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hoveton, and where 5 REEDHAM DRIVE lies on this distribution: 69% of detached houses 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.