5, SOFTLEY DRIVE, NORWICH, NR4 7SE - £356,700

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 SOFTLEY DRIVE is a small extended detached house of 116m², built sometime between 1967 and 1975, which could now be worth an estimated £621,580. It was last sold for £356,700 in October 2013, which was around 41% above the average October 2013 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

5 SOFTLEY DRIVE Sold Prices

Land registry data shows two sales for 5 SOFTLEY 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 South Norfolk local authority area for the corresponding sale date. Both of the two 5 SOFTLEY 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
2013 1 OCT	£356,700	£252,553	41% above HPI
2008 28 MAR	£275,000	£263,447	4% above HPI

5 SOFTLEY 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 two 5 SOFTLEY DRIVE sales from March 2008 and October 2013 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 March 2008 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2013 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 5 SOFTLEY DRIVE be worth now?

5 SOFTLEY DRIVE might now be worth an estimated £621,580.

This is based on house price inflation of 74.3%, between October 2013 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 74.3% inflationary increase is applied to the most recent sale price for 5 SOFTLEY DRIVE of £356,700 on 1st October 2013. For the value to have increased from £356,700 to £621,580 over the twelve years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 SOFTLEY DRIVE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The October 2013 sale price of £356,700 represented a fair market value for the property.
• The size, condition, and specification of 5 SOFTLEY DRIVE has not materially changed since October 2013.

How Large is 5 SOFTLEY DRIVE?

5 SOFTLEY DRIVE is 116m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the smallest 30% of detached houses houses in Cringleford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cringleford, and where 5 SOFTLEY DRIVE lies on this distribution: 29% of detached houses houses are smaller than 5 SOFTLEY DRIVE, and 69% of houses are larger. Note that EPC data is not available for all properties in Cringleford.

5 SOFTLEY DRIVE: Plot and Title Map

5 SOFTLEY DRIVE sits on a plot of roughly 0.223 of an acre, or 902m². The below map shows the location of 5 SOFTLEY 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 SOFTLEY 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 SOFTLEY DRIVE?

5 SOFTLEY DRIVE is located in NORWICH, in the NR4 postcode district. The below map shows the position of No. 5 on SOFTLEY DRIVE.