1, TENCH CLOSE, MULBARTON, NORWICH, NR14 8FX - £312,500

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.

1 TENCH CLOSE is a small terraced house of 110m², built in 2017, which could now be worth an estimated £321,547. It was last sold for £312,500 in September 2023, which was around 39% above the average September 2023 terraced price in the South Norfolk local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was A.

1 TENCH CLOSE Sold Prices

Land registry data shows two sales for 1 TENCH CLOSE 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. Both of the two 1 TENCH CLOSE 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
2023 29 SEP	£312,500	£224,568	39% above HPI
2018 4 MAY	£254,995	£180,471	41% above HPI

1 TENCH CLOSE 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 1 TENCH CLOSE sales from May 2018 and September 2023 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 May 2018 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the September 2023 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 1 TENCH CLOSE be worth now?

1 TENCH CLOSE might now be worth an estimated £321,547.

This is based on house price inflation of 2.9%, between September 2023 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 2.9% inflationary increase is applied to the most recent sale price for 1 TENCH CLOSE of £312,500 on 29th September 2023. For the value to have increased from £312,500 to £321,547 over the three years and four months to May 2026, the following assumptions must hold true:

• The value of 1 TENCH CLOSE has moved in line with the HPI for terraced houses in the South Norfolk local authority area.
• The September 2023 sale price of £312,500 represented a fair market value for the property.
• The size, condition, and specification of 1 TENCH CLOSE has not materially changed since September 2023.

How Large is 1 TENCH CLOSE?

1 TENCH CLOSE is 110m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 40% of terraced houses houses in Mulbarton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Mulbarton, and where 1 TENCH CLOSE lies on this distribution: 40% of terraced houses houses are smaller than 1 TENCH CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Mulbarton.

1 TENCH CLOSE: Plot and Title Map

1 TENCH CLOSE sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 1 TENCH 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 TENCH 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 TENCH CLOSE?

1 TENCH CLOSE is located in MULBARTON, in the NR14 postcode district. The below map shows the position of No. 1 on TENCH CLOSE.