7, OAKS DRIVE, NECTON, SWAFFHAM, PE37 8LY - £185,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 OAKS DRIVE is a very small detached house of 63m², built sometime between 1967 and 1975. It was last sold for £185,000 in March 2021, which was around 43% below the average March 2021 detached price in the Breckland local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

7 OAKS DRIVE Sold Prices

Land registry data shows three sales for 7 OAKS 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 Breckland local authority area for the corresponding sale date. All of the three 7 OAKS 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
2021 12 MAR	£185,000	£325,840	43% below HPI
2007 12 MAR	£145,000	£214,033	32% below HPI
1997 26 SEP	£43,250	£74,933	42% below HPI

7 OAKS DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three 7 OAKS DRIVE sales between September 1997 and March 2021 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 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2021 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 7 OAKS DRIVE?

7 OAKS DRIVE is 63m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses in Necton, based on EPC data. The below chart shows the distribution of detached houses by size in Necton, and where 7 OAKS DRIVE lies on this distribution: 10% of detached houses are smaller than 7 OAKS DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Necton.

7 OAKS DRIVE: Plot and Title Map

7 OAKS DRIVE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 7 OAKS 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 7 OAKS 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 7 OAKS DRIVE?

7 OAKS DRIVE is located in NECTON, in the PE37 postcode district. The below map shows the position of No. 7 on OAKS DRIVE.