THE REEDS, MARSH ROAD, HOVETON, NORWICH, NR12 8UH - £640,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE REEDS is a small detached house of 85m², built sometime between 1996 and 2002. It was last sold for £640,000 in June 2021, which was around 66% above the average June 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

THE REEDS Sold Prices

Land registry data shows three sales for THE REEDS 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 REEDS 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
2021 17 JUN	£640,000	£386,352	66% above HPI
2012 16 AUG	£407,000	£234,648	73% above HPI
2006 1 SEP	£324,000	£234,191	38% above HPI

THE REEDS 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 REEDS sales between September 2006 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 August 2012 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the June 2021 sale, where it falls to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is THE REEDS?

THE REEDS is 85m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 30% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where THE REEDS lies on this distribution: 30% of detached houses are smaller than THE REEDS, and 70% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

THE REEDS: Plot and Title Map

THE REEDS sits on a plot of roughly 0.154 of an acre, or 625m². The below map shows the location of THE REEDS, 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 REEDS). 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 REEDS?

THE REEDS is located on MARSH ROAD in HOVETON, in the NR12 postcode district. The below map shows the position of THE REEDS on MARSH ROAD.