MEADOW CREEK, COSTESSEY LANE, DRAYTON, NORWICH, NR8 6HA - £460,000

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

MEADOW CREEK is a large extended detached house of 171m², built sometime between 1900 and 1929. It was last sold for £460,000 in April 2005, which was around 111% above the average April 2005 detached price in the Broadland local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

MEADOW CREEK Sold Prices

Land registry data shows two sales for MEADOW CREEK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two MEADOW CREEK 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
2005 1 APR	£460,000	£217,823	111% above HPI
1996 4 OCT	£200,000	£73,366	173% above HPI

MEADOW CREEK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two MEADOW CREEK sales from October 1996 and April 2005 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 October 1996 sale was for 173% above the HPI. So the extrapolation line tracks at 173% above the HPI over time, until the April 2005 sale, where it falls to 111% above the HPI. The line then continues to track at 111% above the HPI.

How Large is MEADOW CREEK?

MEADOW CREEK is 171m², which includes four extensions, according to the EPC inspection conducted in September 2021. This puts it in the largest 30% of detached houses in Drayton, based on EPC data. The below chart shows the distribution of detached houses by size in Drayton, and where MEADOW CREEK lies on this distribution: 80% of detached houses are smaller than MEADOW CREEK, and 20% of houses are larger. Note that EPC data is not available for all properties in Drayton.

MEADOW CREEK: Plot and Title Map

MEADOW CREEK sits on a plot of roughly 0.548 of an acre, or 2,219m². The below map shows the location of MEADOW CREEK, 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 MEADOW CREEK). 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 MEADOW CREEK?

MEADOW CREEK is located on COSTESSEY LANE in DRAYTON, in the NR8 postcode district. The below map shows the position of MEADOW CREEK on COSTESSEY LANE.