7, PENNYCRESS DRIVE, WYMONDHAM, NR18 0YD - £182,500

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.

7 PENNYCRESS DRIVE is a very small terraced house of 59m², built sometime between 1996 and 2002, which could now be worth an estimated £234,540. It was last sold for £182,500 in June 2019, which was about the average June 2019 terraced price in the South Norfolk local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

7 PENNYCRESS DRIVE Sold Prices

Land registry data shows four sales for 7 PENNYCRESS DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the South Norfolk local authority area for the corresponding sale date. The four 7 PENNYCRESS DRIVE sales were a mix of roughly equal to the average price, and 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
2019 14 JUN	£182,500	£183,382	Close to HPI
2014 13 OCT	£168,250	£154,271	9% above HPI
2006 14 SEP	£138,000	£135,925	2% above HPI
2002 28 JUN	£85,995	£78,010	10% above HPI

7 PENNYCRESS 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 four 7 PENNYCRESS DRIVE sales between June 2002 and June 2019 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 October 2014 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2019 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 7 PENNYCRESS DRIVE be worth now?

7 PENNYCRESS DRIVE might now be worth an estimated £234,540.

This is based on house price inflation of 28.5%, between June 2019 and October 2025, 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 28.5% inflationary increase is applied to the most recent sale price for 7 PENNYCRESS DRIVE of £182,500 on 14th June 2019. For the value to have increased from £182,500 to £234,540 over the five years and eight months to October 2025, the following assumptions must hold true:

• The value of 7 PENNYCRESS DRIVE has moved in line with the HPI for terraced houses in the South Norfolk local authority area.
• The June 2019 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 7 PENNYCRESS DRIVE has not materially changed since June 2019.

How Large is 7 PENNYCRESS DRIVE?

7 PENNYCRESS DRIVE is 59m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of terraced houses houses in Wymondham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wymondham, and where 7 PENNYCRESS DRIVE lies on this distribution: 3% of terraced houses houses are smaller than 7 PENNYCRESS DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

7 PENNYCRESS DRIVE: Plot and Title Map

7 PENNYCRESS DRIVE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 7 PENNYCRESS 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 7 PENNYCRESS 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 7 PENNYCRESS DRIVE?

7 PENNYCRESS DRIVE is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 7 on PENNYCRESS DRIVE.