THE COVERT, HOLT ROAD, WEYBOURNE, HOLT, NR25 7SU - £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.

THE COVERT is a very small detached house of 71m², built sometime between 1983 and 1990, which could now be worth an estimated £414,150. It was last sold for £375,000 in June 2021, which was around 4% below the average June 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

THE COVERT Sold Prices

Land registry data shows three sales for THE COVERT 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 THE COVERT sales were for 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 24 JUN	£375,000	£390,091	4% below HPI
2018 23 NOV	£275,000	£349,672	21% below HPI
2010 9 JUL	£210,000	£249,247	16% below HPI

THE COVERT 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 THE COVERT sales between July 2010 and June 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 November 2018 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2021 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might THE COVERT be worth now?

THE COVERT might now be worth an estimated £414,150.

This is based on house price inflation of 10.4%, between June 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 10.4% inflationary increase is applied to the most recent sale price for THE COVERT of £375,000 on 24th June 2021. For the value to have increased from £375,000 to £414,150 over the four years and four months to February 2025, the following assumptions must hold true:

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

How Large is THE COVERT?

THE COVERT is 71m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 10% of detached houses houses in Weybourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Weybourne, and where THE COVERT lies on this distribution: 10% of detached houses houses are smaller than THE COVERT, and 90% of houses are larger. Note that EPC data is not available for all properties in Weybourne.

THE COVERT: Plot and Title Map

THE COVERT sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of THE COVERT, 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 THE COVERT). 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 THE COVERT?

THE COVERT is located on HOLT ROAD in WEYBOURNE, in the NR25 postcode district. The below map shows the position of THE COVERT on HOLT ROAD.