6, OLIVE AVENUE, NEWTON FLOTMAN, NORWICH, NR15 1PF - £290,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

6 OLIVE AVENUE is a large detached house of 131m², built sometime between 1983 and 1990, which could now be worth an estimated £308,929. It was last sold for £290,000 in August 2024, which was around 28% below the average August 2024 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

6 OLIVE AVENUE Sold Prices

Land registry data shows three sales for 6 OLIVE AVENUE 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 6 OLIVE AVENUE 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 7 AUG	£290,000	£404,946	28% below HPI
2007 30 MAR	£215,000	£255,853	16% below HPI
1997 1 DEC	£70,500	£87,121	19% below HPI

6 OLIVE AVENUE 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 6 OLIVE AVENUE sales between December 1997 and August 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 March 2007 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2024 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 6 OLIVE AVENUE be worth now?

6 OLIVE AVENUE might now be worth an estimated £308,929.

This is based on house price inflation of 6.5%, between August 2024 and December 2024, 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 6.5% inflationary increase is applied to the most recent sale price for 6 OLIVE AVENUE of £290,000 on 7th August 2024. For the value to have increased from £290,000 to £308,929 over the eight months to December 2024, the following assumptions must hold true:

• The value of 6 OLIVE AVENUE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The August 2024 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 6 OLIVE AVENUE has not materially changed since August 2024.

How Large is 6 OLIVE AVENUE?

6 OLIVE AVENUE is 131m² according to the EPC inspection conducted in August 2023. This puts it in the largest 30% of detached houses houses in Newton Flotman, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newton Flotman, and where 6 OLIVE AVENUE lies on this distribution: 74% of detached houses houses are smaller than 6 OLIVE AVENUE, and 25% of houses are larger. Note that EPC data is not available for all properties in Newton Flotman.

6 OLIVE AVENUE: Plot and Title Map

6 OLIVE AVENUE sits on a plot of roughly 0.168 of an acre, or 678m². The below map shows the location of 6 OLIVE AVENUE, 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 6 OLIVE AVENUE). 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 6 OLIVE AVENUE?

6 OLIVE AVENUE is located in NEWTON FLOTMAN, in the NR15 postcode district. The below map shows the position of No. 6 on OLIVE AVENUE.