12, KNIPE CLOSE, TACOLNESTON, NORWICH, NR16 1BX - £146,250

12 KNIPE CLOSE is a very small detached house of 56m², built sometime between 1967 and 1975. It was last sold for £146,250 in January 2016, which was around 50% below the average January 2016 detached price in the South Norfolk local authority area. The most recent EPC inspection was October 2015, where the current energy rating was F, and the potential energy rating was A.

12 KNIPE CLOSE Sold Prices

Land registry data shows three sales for 12 KNIPE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the three 12 KNIPE 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
2016 4 JAN	£146,250	£293,224	50% below HPI
2007 13 APR	£152,500	£250,023	39% below HPI
1996 22 NOV	£36,250	£75,896	52% below HPI

12 KNIPE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three 12 KNIPE CLOSE sales between November 1996 and January 2016 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 April 2007 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2016 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 12 KNIPE CLOSE?

12 KNIPE CLOSE is 56m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% of detached houses in Tacolneston, based on EPC data. The below chart shows the distribution of detached houses by size in Tacolneston, and where 12 KNIPE CLOSE lies on this distribution: 3% of detached houses are smaller than 12 KNIPE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Tacolneston.

12 KNIPE CLOSE: Plot and Title Map

12 KNIPE CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 12 KNIPE 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 12 KNIPE 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 12 KNIPE CLOSE?

12 KNIPE CLOSE is located in TACOLNESTON, in the NR16 postcode district. The below map shows the position of No. 12 on KNIPE CLOSE.