8, ALDERFEN WAY, HOVETON, NORWICH, NR12 8GA - £310,000

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.

8 ALDERFEN WAY is a midsized detached house of 105m², which could now be worth an estimated £378,503. It was last sold for £310,000 in February 2019, which was around 12% below the average February 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2014, where the current energy rating was B, and the potential energy rating was B.

8 ALDERFEN WAY Sold Prices

Land registry data shows three sales for 8 ALDERFEN WAY 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 8 ALDERFEN WAY 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
2019 27 FEB	£310,000	£352,846	12% below HPI
2016 26 FEB	£275,000	£297,061	7% below HPI
2015 9 MAR	£249,950	£276,385	10% below HPI

8 ALDERFEN WAY 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 8 ALDERFEN WAY sales between March 2015 and February 2019 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 February 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2019 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 8 ALDERFEN WAY be worth now?

8 ALDERFEN WAY might now be worth an estimated £378,503.

This is based on house price inflation of 22.1%, between February 2019 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 22.1% inflationary increase is applied to the most recent sale price for 8 ALDERFEN WAY of £310,000 on 27th February 2019. For the value to have increased from £310,000 to £378,503 over the six years to February 2025, the following assumptions must hold true:

• The value of 8 ALDERFEN WAY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2019 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ALDERFEN WAY has not materially changed since February 2019.

How Large is 8 ALDERFEN WAY?

8 ALDERFEN WAY is 105m² according to the EPC inspection conducted in September 2014. This puts it in the largest 50% 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 8 ALDERFEN WAY lies on this distribution: 48% of detached houses houses are smaller than 8 ALDERFEN WAY, and 48% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

8 ALDERFEN WAY: Plot and Title Map

8 ALDERFEN WAY sits on a plot of roughly 11.6 acres, or 47,137m². The below map shows the location of 8 ALDERFEN WAY, 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 8 ALDERFEN WAY). 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 8 ALDERFEN WAY?

8 ALDERFEN WAY is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 8 on ALDERFEN WAY.