THE BEEHIVE, RIVERSIDE ROAD, HOVETON, NORWICH, NR12 8UD - £550,000

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 BEEHIVE is a very small detached house of 78m², built sometime between 1991 and 1995, which could now be worth an estimated £558,263. It was last sold for £550,000 in February 2024, which was around 30% above the average February 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

THE BEEHIVE Sold Prices

Land registry data shows four sales for THE BEEHIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four THE BEEHIVE 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
2024 2 FEB	£550,000	£424,440	30% above HPI
2006 2 JUN	£385,000	£229,516	68% above HPI
2000 19 MAY	£249,000	£105,033	137% above HPI
1999 1 SEP	£225,000	£95,732	135% above HPI

THE BEEHIVE 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 four THE BEEHIVE sales between September 1999 and February 2024 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 June 2006 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the February 2024 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might THE BEEHIVE be worth now?

THE BEEHIVE might now be worth an estimated £558,263.

This is based on house price inflation of 1.5%, between February 2024 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 1.5% inflationary increase is applied to the most recent sale price for THE BEEHIVE of £550,000 on 2nd February 2024. For the value to have increased from £550,000 to £558,263 over the one year to February 2025, the following assumptions must hold true:

• The value of THE BEEHIVE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2024 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of THE BEEHIVE has not materially changed since February 2024.

How Large is THE BEEHIVE?

THE BEEHIVE is 78m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hoveton, and where THE BEEHIVE lies on this distribution: 17% of detached houses houses are smaller than THE BEEHIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

THE BEEHIVE: Plot and Title Map

THE BEEHIVE sits on a plot of roughly 0.200 of an acre, or 808m². The below map shows the location of THE BEEHIVE, 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 BEEHIVE). 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 BEEHIVE?

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