PARKWOOD, MEADOW DRIVE, HOVETON, NORWICH, NR12 8UN - £625,000

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

PARKWOOD is a very large extended detached house of 187m², built sometime between 1900 and 1929. It was last sold for £625,000 in July 2016, which was around 105% above the average July 2016 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

PARKWOOD Sold Prices

Land registry data shows two sales for PARKWOOD 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 PARKWOOD 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 27 JUL	£625,000	£304,850	105% above HPI
1997 1 JUL	£225,000	£73,957	204% above HPI

PARKWOOD 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 PARKWOOD sales from July 1997 and July 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 July 1997 sale was for 204% above the HPI. So the extrapolation line tracks at 204% above the HPI over time, until the July 2016 sale, where it falls to 105% above the HPI. The line then continues to track at 105% above the HPI.

How Large is PARKWOOD?

PARKWOOD is 187m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the largest 10% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where PARKWOOD lies on this distribution: 93% of detached houses are smaller than PARKWOOD, and 7% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

PARKWOOD: Plot and Title Map

PARKWOOD sits on a plot of roughly 0.453 of an acre, or 1,833m². The below map shows the location of PARKWOOD, 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 PARKWOOD). 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 PARKWOOD?

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