1, STATION DRIVE, REEDHAM, NORWICH, NR13 3JF - £290,000

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.

1 STATION DRIVE is a small detached house of 90m², built sometime between 1991 and 1995, which could now be worth an estimated £315,711. It was last sold for £290,000 in September 2021, which was around 25% below the average September 2021 detached price in the Broadland local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

1 STATION DRIVE Sold Prices

Land registry data shows three sales for 1 STATION DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 1 STATION DRIVE 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 10 SEP	£290,000	£384,146	25% below HPI
2007 14 FEB	£197,450	£248,914	21% below HPI
2002 19 APR	£94,950	£150,505	37% below HPI

1 STATION DRIVE 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 three 1 STATION DRIVE sales between April 2002 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 February 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 STATION DRIVE be worth now?

1 STATION DRIVE might now be worth an estimated £315,711.

This is based on house price inflation of 8.9%, between September 2021 and March 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.9% inflationary increase is applied to the most recent sale price for 1 STATION DRIVE of £290,000 on 10th September 2021. For the value to have increased from £290,000 to £315,711 over the four years and six months to March 2025, the following assumptions must hold true:

• The value of 1 STATION DRIVE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The September 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 1 STATION DRIVE has not materially changed since September 2021.

How Large is 1 STATION DRIVE?

1 STATION DRIVE is 90m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 30% of detached houses houses in Reedham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reedham, and where 1 STATION DRIVE lies on this distribution: 20% of detached houses houses are smaller than 1 STATION DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Reedham.

1 STATION DRIVE: Plot and Title Map

1 STATION DRIVE sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 1 STATION DRIVE, 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 1 STATION DRIVE). 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 1 STATION DRIVE?

1 STATION DRIVE is located in REEDHAM, in the NR13 postcode district. The below map shows the position of No. 1 on STATION DRIVE.