1, PENN CLOSE, TAVERHAM, NORWICH, NR8 6NL - £260,000

1 PENN CLOSE is a small detached house of 103m², built sometime between 1967 and 1975. It was last sold for £260,000 in October 2020, which was around 27% below the average October 2020 detached price in the Broadland local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

1 PENN CLOSE Sold Prices

Land registry data shows two sales for 1 PENN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two 1 PENN CLOSE 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
2020 2 OCT	£260,000	£357,068	27% below HPI
2009 8 DEC	£185,000	£226,937	18% below HPI

1 PENN CLOSE 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 two 1 PENN CLOSE sales from December 2009 and October 2020 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 December 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 PENN CLOSE?

1 PENN CLOSE is 103m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 40% of detached houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses by size in Taverham, and where 1 PENN CLOSE lies on this distribution: 36% of detached houses are smaller than 1 PENN CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Taverham.

1 PENN CLOSE: Plot and Title Map

1 PENN CLOSE sits on a plot of roughly 0.161 of an acre, or 652m². The below map shows the location of 1 PENN 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 PENN 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 PENN CLOSE?

1 PENN CLOSE is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 1 on PENN CLOSE.