DRIFTWAY, THE CLOSE, AYLMERTON, NORWICH, NR11 8PX - £375,000

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.

DRIFTWAY is a midsized extended detached house of 140m², built sometime between 1967 and 1975, which could now be worth an estimated £432,646. It was last sold for £375,000 in September 2021, which was about the average September 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was C.

DRIFTWAY Sold Prices

Land registry data shows four sales for DRIFTWAY 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. The four DRIFTWAY sales were a mix of roughly equal to the average price, above the average price, and below 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
2021 16 SEP	£375,000	£373,415	Close to HPI
2005 5 SEP	£250,000	£223,123	12% above HPI
1998 3 FEB	£82,000	£78,667	4% above HPI
1995 18 DEC	£65,000	£69,064	6% below HPI

DRIFTWAY 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 DRIFTWAY sales between December 1995 and September 2021 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 September 2005 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the September 2021 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might DRIFTWAY be worth now?

DRIFTWAY might now be worth an estimated £432,646.

This is based on house price inflation of 15.4%, between September 2021 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 15.4% inflationary increase is applied to the most recent sale price for DRIFTWAY of £375,000 on 16th September 2021. For the value to have increased from £375,000 to £432,646 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of DRIFTWAY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The September 2021 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of DRIFTWAY has not materially changed since September 2021.

How Large is DRIFTWAY?

DRIFTWAY is 140m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 50% of detached houses houses in Aylmerton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Aylmerton, and where DRIFTWAY lies on this distribution: 56% of detached houses houses are smaller than DRIFTWAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Aylmerton.

DRIFTWAY: Plot and Title Map

DRIFTWAY sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of DRIFTWAY, 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 DRIFTWAY). 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 DRIFTWAY?

DRIFTWAY is located on THE CLOSE in AYLMERTON, in the NR11 postcode district. The below map shows the position of DRIFTWAY on THE CLOSE.