BAY TREE LODGE, MEADOW DRIVE, HOVETON, NORWICH, NR12 8UN - £500,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

BAY TREE LODGE is a very large detached house of 147m², built sometime between 1976 and 1982. It was last sold for £500,000 in January 2014, which was around 99% above the average January 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

BAY TREE LODGE Sold Prices

Land registry data shows two sales for BAY TREE LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two BAY TREE LODGE 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
2014 27 JAN	£500,000	£251,110	99% above HPI
2006 13 DEC	£335,000	£237,993	41% above HPI

BAY TREE LODGE 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 two BAY TREE LODGE sales from December 2006 and January 2014 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 December 2006 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the January 2014 sale, where it rises to 99% above the HPI. The line then continues to track at 99% above the HPI.

How Large is BAY TREE LODGE?

BAY TREE LODGE is 147m² according to the EPC inspection conducted in March 2013. This puts it in the largest 20% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where BAY TREE LODGE lies on this distribution: 82% of detached houses are smaller than BAY TREE LODGE, and 18% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

BAY TREE LODGE: Plot and Title Map

BAY TREE LODGE sits on a plot of roughly 0.222 of an acre, or 898m². The below map shows the location of BAY TREE LODGE, 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 BAY TREE LODGE). 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 BAY TREE LODGE?

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