AQUARIUS, MEADOW DRIVE, HOVETON, NORWICH, NR12 8UN - £1,250,000

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.

AQUARIUS is a very large extended detached house of 242m², built sometime between 1996 and 2002, which could now be worth an estimated £1,425,904. It was last sold for £1,250,000 in September 2020, which was around 231% above the average September 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was C.

AQUARIUS Sold Prices

Land registry data shows three sales for AQUARIUS 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 AQUARIUS sales 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
2020 10 SEP	£1,250,000	£377,670	231% above HPI
2015 4 MAR	£810,000	£276,385	193% above HPI
1998 12 AUG	£157,500	£84,997	85% above HPI

AQUARIUS 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 AQUARIUS sales between August 1998 and September 2020 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 March 2015 sale was for 193% above the HPI. So the extrapolation line tracks at 193% above the HPI over time, until the September 2020 sale, where it rises to 231% above the HPI. The line then continues to track at 231% above the HPI.

What might AQUARIUS be worth now?

AQUARIUS might now be worth an estimated £1,425,904.

This is based on house price inflation of 14.1%, between September 2020 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 14.1% inflationary increase is applied to the most recent sale price for AQUARIUS of £1,250,000 on 10th September 2020. For the value to have increased from £1,250,000 to £1,425,904 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of AQUARIUS has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The September 2020 sale price of £1,250,000 represented a fair market value for the property.
• The size, condition, and specification of AQUARIUS has not materially changed since September 2020.

How Large is AQUARIUS?

AQUARIUS is 242m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the largest 10% 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 AQUARIUS lies on this distribution: 98% of detached houses houses are smaller than AQUARIUS, and 2% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

AQUARIUS: Plot and Title Map

AQUARIUS sits on a plot of roughly 0.548 of an acre, or 2,217m². The below map shows the location of AQUARIUS, 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 AQUARIUS). 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 AQUARIUS?

AQUARIUS is located on MEADOW DRIVE in HOVETON, in the NR12 postcode district. The below map shows the position of AQUARIUS on MEADOW DRIVE.