7, THE DRIVE, NORWICH, NR5 0EF - £362,500

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 THE DRIVE is a large extended detached house of 121m², built sometime between 1950 and 1966. It was last sold for £362,500 in August 2024, which was around 10% below the average August 2024 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

7 THE DRIVE Sold Prices

Land registry data shows two sales for 7 THE 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 7 THE 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
2024 30 AUG	£362,500	£401,374	10% below HPI
1997 23 JAN	£47,000	£75,748	38% below HPI

7 THE 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 7 THE DRIVE sales from January 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 January 1997 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2024 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 7 THE DRIVE?

7 THE DRIVE is 121m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the largest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 7 THE DRIVE lies on this distribution: 63% of detached houses are smaller than 7 THE DRIVE, and 36% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 THE DRIVE: Plot and Title Map

7 THE DRIVE sits on a plot of roughly 0.211 of an acre, or 852m². The below map shows the location of 7 THE 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 THE 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 THE DRIVE?

7 THE DRIVE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 7 on THE DRIVE.