38, GREBE DRIVE, CHEDGRAVE, NORWICH, NR14 6GH - £46,500

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.

38 GREBE DRIVE is a very small terraced house of 75m², built sometime from 2007 onwards, which could now be worth an estimated £88,052. It was last sold for £46,500 in January 2009, which was around 62% below the average January 2009 terraced price in the South Norfolk local authority area. The most recent EPC inspection was November 2008, where the current energy rating was B, and the potential energy rating was B.

38 GREBE DRIVE Sold Prices

Land registry data shows two sales for 38 GREBE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the South Norfolk local authority area for the corresponding sale date. One of the two 38 GREBE DRIVE sales was for below the average price, whilst the other was 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
2009 9 JAN	£46,500	£122,027	62% below HPI
2008 31 MAR	£161,800	£144,486	12% above HPI

38 GREBE DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Norfolk local authority area over time, sourced from the HPI. The two 38 GREBE DRIVE sales from March 2008 and January 2009 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 March 2008 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2009 sale, where it falls to 62% below the HPI. The line then continues to track at 62% below the HPI.

What might 38 GREBE DRIVE be worth now?

38 GREBE DRIVE might now be worth an estimated £88,052.

This is based on house price inflation of 89.4%, between January 2009 and May 2026, for terraced houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 89.4% inflationary increase is applied to the most recent sale price for 38 GREBE DRIVE of £46,500 on 9th January 2009. For the value to have increased from £46,500 to £88,052 over the sixteen years and eight months to May 2026, the following assumptions must hold true:

• The value of 38 GREBE DRIVE has moved in line with the HPI for terraced houses in the South Norfolk local authority area.
• The January 2009 sale price of £46,500 represented a fair market value for the property.
• The size, condition, and specification of 38 GREBE DRIVE has not materially changed since January 2009.

How Large is 38 GREBE DRIVE?

38 GREBE DRIVE is 75m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 20% of terraced houses houses in Chedgrave, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chedgrave, and where 38 GREBE DRIVE lies on this distribution: 16% of terraced houses houses are smaller than 38 GREBE DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Chedgrave.

38 GREBE DRIVE: Plot and Title Map

38 GREBE DRIVE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 38 GREBE 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 38 GREBE 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 38 GREBE DRIVE?

38 GREBE DRIVE is located in CHEDGRAVE, in the NR14 postcode district. The below map shows the position of No. 38 on GREBE DRIVE.