BROADWATER, THE RHOND, HOVETON, NORWICH, NR12 8UE - £525,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

BROADWATER is a very large detached house of 161m², built sometime between 1991 and 1995. It was last sold for £525,000 in November 2017, which was around 56% above the average November 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

BROADWATER Sold Prices

Land registry data shows four sales for BROADWATER since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four BROADWATER 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
2017 10 NOV	£525,000	£335,916	56% above HPI
2008 23 APR	£410,000	£244,781	67% above HPI
2001 4 JUL	£237,500	£123,544	92% above HPI
1995 29 SEP	£152,000	£69,063	120% above HPI

BROADWATER 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 four BROADWATER sales between September 1995 and November 2017 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 2008 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the November 2017 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

How Large is BROADWATER?

BROADWATER is 161m² according to the EPC inspection conducted in September 2017. 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 BROADWATER lies on this distribution: 87% of detached houses are smaller than BROADWATER, and 12% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

BROADWATER: Plot and Title Map

BROADWATER sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of BROADWATER, 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 BROADWATER). 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 BROADWATER?

BROADWATER is located on THE RHOND in HOVETON, in the NR12 postcode district. The below map shows the position of BROADWATER on THE RHOND.