1, MARTIN CLOSE, NORWICH, NR7 8PA - £189,950

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 MARTIN CLOSE is a very small semi-detached house of 61m², built sometime between 1950 and 1966, which could now be worth an estimated £281,530. It was last sold for £189,950 in August 2015, which was around 2% above the average August 2015 semi-detached price in the Broadland local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

1 MARTIN CLOSE Sold Prices

Land registry data shows two sales for 1 MARTIN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Broadland local authority area for the corresponding sale date. One of the two 1 MARTIN CLOSE sales was for above the average price, whilst the other was 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
2015 13 AUG	£189,950	£185,509	2% above HPI
2015 13 FEB	£148,100	£180,406	18% below HPI

1 MARTIN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Broadland local authority area over time, sourced from the HPI. The two 1 MARTIN CLOSE sales from February 2015 and August 2015 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 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2015 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 1 MARTIN CLOSE be worth now?

1 MARTIN CLOSE might now be worth an estimated £281,530.

This is based on house price inflation of 48.2%, between August 2015 and February 2025, for semi-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 48.2% inflationary increase is applied to the most recent sale price for 1 MARTIN CLOSE of £189,950 on 13th August 2015. For the value to have increased from £189,950 to £281,530 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 1 MARTIN CLOSE has moved in line with the HPI for semi-detached houses in the Broadland local authority area.
• The August 2015 sale price of £189,950 represented a fair market value for the property.
• The size, condition, and specification of 1 MARTIN CLOSE has not materially changed since August 2015.

How Large is 1 MARTIN CLOSE?

1 MARTIN CLOSE is 61m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of semi-detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Norwich, and where 1 MARTIN CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 1 MARTIN CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1 MARTIN CLOSE: Plot and Title Map

1 MARTIN CLOSE sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 1 MARTIN CLOSE, 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 MARTIN CLOSE). 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 MARTIN CLOSE?

1 MARTIN CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 1 on MARTIN CLOSE.