BURESIDE, MEADOW DRIVE, HOVETON, NORWICH, NR12 8UN - £525,000

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

BURESIDE is a large detached house of 127m², built sometime between 1930 and 1949. It was last sold for £525,000 in September 2011, which was around 117% above the average September 2011 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

BURESIDE Sold Prices

Land registry data shows two sales for BURESIDE 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 BURESIDE 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
2011 16 SEP	£525,000	£241,865	117% above HPI
1996 26 JUN	£111,500	£69,145	61% above HPI

BURESIDE 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 BURESIDE sales from June 1996 and September 2011 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 June 1996 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the September 2011 sale, where it rises to 117% above the HPI. The line then continues to track at 117% above the HPI.

How Large is BURESIDE?

BURESIDE is 127m² according to the EPC inspection conducted in March 2011. This puts it in the largest 30% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where BURESIDE lies on this distribution: 73% of detached houses are smaller than BURESIDE, and 27% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

BURESIDE: Plot and Title Map

BURESIDE sits on a plot of roughly 0.364 of an acre, or 1,472m². The below map shows the location of BURESIDE, 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 BURESIDE). 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 BURESIDE?

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