CEDAR LODGE, MEADOW DRIVE, HOVETON, NORWICH, NR12 8UN - £642,500

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.

CEDAR LODGE is a midsized detached house of 105m², built sometime between 1983 and 1990, which could now be worth an estimated £887,179. It was last sold for £642,500 in November 2016, which was around 106% above the average November 2016 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

CEDAR LODGE Sold Prices

Land registry data shows three sales for CEDAR LODGE 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 CEDAR 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
2016 18 NOV	£642,500	£312,000	106% above HPI
2010 22 JUN	£499,000	£249,549	100% above HPI
1997 15 JUL	£206,000	£74,673	176% above HPI

CEDAR 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 three CEDAR LODGE sales between July 1997 and November 2016 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 2010 sale was for 100% above the HPI. So the extrapolation line tracks at 100% above the HPI over time, until the November 2016 sale, where it rises to 106% above the HPI. The line then continues to track at 106% above the HPI.

What might CEDAR LODGE be worth now?

CEDAR LODGE might now be worth an estimated £887,179.

This is based on house price inflation of 38.1%, between November 2016 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 38.1% inflationary increase is applied to the most recent sale price for CEDAR LODGE of £642,500 on 18th November 2016. For the value to have increased from £642,500 to £887,179 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of CEDAR LODGE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2016 sale price of £642,500 represented a fair market value for the property.
• The size, condition, and specification of CEDAR LODGE has not materially changed since November 2016.

How Large is CEDAR LODGE?

CEDAR LODGE is 105m² according to the EPC inspection conducted in March 2010. This puts it in the largest 50% 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 CEDAR LODGE lies on this distribution: 48% of detached houses houses are smaller than CEDAR LODGE, and 48% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

CEDAR LODGE: Plot and Title Map

CEDAR LODGE sits on a plot of roughly 0.231 of an acre, or 934m². The below map shows the location of CEDAR 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 CEDAR 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 CEDAR LODGE?

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