8, THE DROVE, TAVERHAM, NORWICH, NR8 6FT - £232,000

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

8 THE DROVE is a very small semi-detached house of 69m², built sometime between 1991 and 1995, which could now be worth an estimated £256,138. It was last sold for £232,000 in September 2021, which was around 7% below the average September 2021 semi-detached price in the Broadland local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

8 THE DROVE Sold Prices

Land registry data shows six sales for 8 THE DROVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Broadland local authority area for the corresponding sale date. Most of the six 8 THE DROVE 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 27 SEP	£232,000	£249,037	7% below HPI
2020 3 APR	£208,000	£223,270	7% below HPI
2005 28 JUL	£119,500	£145,233	18% below HPI
2003 9 SEP	£120,000	£127,798	6% below HPI
2001 15 JUN	£75,250	£80,920	7% below HPI
1998 7 SEP	£58,450	£54,077	8% above HPI

8 THE DROVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Broadland local authority area over time, sourced from the HPI. The six 8 THE DROVE sales between September 1998 and September 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 April 2020 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2021 sale, which was also at 7% below the HPI.

What might 8 THE DROVE be worth now?

8 THE DROVE might now be worth an estimated £256,138.

This is based on house price inflation of 10.4%, between September 2021 and February 2025, for semi-detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.4% inflationary increase is applied to the most recent sale price for 8 THE DROVE of £232,000 on 27th September 2021. For the value to have increased from £232,000 to £256,138 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 THE DROVE has moved in line with the HPI for semi-detached houses in the Broadland local authority area.
• The September 2021 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE DROVE has not materially changed since September 2021.

How Large is 8 THE DROVE?

8 THE DROVE is 69m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of semi-detached houses houses in Taverham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Taverham, and where 8 THE DROVE lies on this distribution: 4% of semi-detached houses houses are smaller than 8 THE DROVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Taverham.

8 THE DROVE: Plot and Title Map

8 THE DROVE sits on a plot of roughly 0.040 of an acre, or 163m². The below map shows the location of 8 THE DROVE, 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 THE DROVE). 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 THE DROVE?

8 THE DROVE is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 8 on THE DROVE.