9, WAVENEY CLOSE, HOVETON, NORWICH, NR12 8DT - £335,000

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.

9 WAVENEY CLOSE is a very small detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £358,377. It was last sold for £335,000 in November 2021, which was around 17% below the average November 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

9 WAVENEY CLOSE Sold Prices

Land registry data shows three sales for 9 WAVENEY CLOSE 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. One of the three 9 WAVENEY CLOSE sales was for below the average price, whilst two were for above 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 NOV	£335,000	£402,715	17% below HPI
1997 29 SEP	£81,000	£76,132	6% above HPI
1997 7 APR	£75,500	£72,653	4% above HPI

9 WAVENEY CLOSE 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 9 WAVENEY CLOSE sales between April 1997 and November 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 September 1997 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the November 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 9 WAVENEY CLOSE be worth now?

9 WAVENEY CLOSE might now be worth an estimated £358,377.

This is based on house price inflation of 7%, between November 2021 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 7% inflationary increase is applied to the most recent sale price for 9 WAVENEY CLOSE of £335,000 on 12th November 2021. For the value to have increased from £335,000 to £358,377 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 9 WAVENEY CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2021 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 9 WAVENEY CLOSE has not materially changed since November 2021.

How Large is 9 WAVENEY CLOSE?

9 WAVENEY CLOSE is 79m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 20% 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 9 WAVENEY CLOSE lies on this distribution: 18% of detached houses houses are smaller than 9 WAVENEY CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

9 WAVENEY CLOSE: Plot and Title Map

9 WAVENEY CLOSE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 9 WAVENEY CLOSE, 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 9 WAVENEY CLOSE). 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 9 WAVENEY CLOSE?

9 WAVENEY CLOSE is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 9 on WAVENEY CLOSE.