8, OWL DRIVE, MULBARTON, NORWICH, NR14 8JE - £272,500

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

8 OWL DRIVE is a very small detached house of 69m², built sometime between 1983 and 1990, which could now be worth an estimated £338,701. It was last sold for £272,500 in June 2019, which was around 21% below the average June 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was February 2018, where the current energy rating was E, and the potential energy rating was B.

8 OWL DRIVE Sold Prices

Land registry data shows two sales for 8 OWL 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 8 OWL 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
2019 24 JUN	£272,500	£347,063	21% below HPI
2018 8 JUN	£219,500	£344,675	36% below HPI

8 OWL 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 8 OWL DRIVE sales from June 2018 and June 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 June 2018 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2019 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 8 OWL DRIVE be worth now?

8 OWL DRIVE might now be worth an estimated £338,701.

This is based on house price inflation of 24.3%, between June 2019 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 24.3% inflationary increase is applied to the most recent sale price for 8 OWL DRIVE of £272,500 on 24th June 2019. For the value to have increased from £272,500 to £338,701 over the four years and six months to December 2024, the following assumptions must hold true:

• The value of 8 OWL DRIVE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The June 2019 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 8 OWL DRIVE has not materially changed since June 2019.

How Large is 8 OWL DRIVE?

8 OWL DRIVE is 69m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 10% of detached houses houses in Mulbarton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mulbarton, and where 8 OWL DRIVE lies on this distribution: 2% of detached houses houses are smaller than 8 OWL DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Mulbarton.

8 OWL DRIVE: Plot and Title Map

8 OWL DRIVE sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of 8 OWL 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 8 OWL 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 8 OWL DRIVE?

8 OWL DRIVE is located in MULBARTON, in the NR14 postcode district. The below map shows the position of No. 8 on OWL DRIVE.