14, NEW CLOSE, ACLE, NORWICH, NR13 3BG - £303,500

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.

14 NEW CLOSE is a very small detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £369,457. It was last sold for £303,500 in November 2018, which was around 13% below the average November 2018 detached price in the Broadland local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

14 NEW CLOSE Sold Prices

Land registry data shows two sales for 14 NEW 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 14 NEW 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
2018 12 NOV	£303,500	£348,169	13% below HPI
2002 21 JAN	£124,500	£144,771	14% below HPI

14 NEW 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 14 NEW CLOSE sales from January 2002 and November 2018 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 January 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2018 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 14 NEW CLOSE be worth now?

14 NEW CLOSE might now be worth an estimated £369,457.

This is based on house price inflation of 21.7%, between November 2018 and May 2026, for 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 21.7% inflationary increase is applied to the most recent sale price for 14 NEW CLOSE of £303,500 on 12th November 2018. For the value to have increased from £303,500 to £369,457 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 14 NEW CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2018 sale price of £303,500 represented a fair market value for the property.
• The size, condition, and specification of 14 NEW CLOSE has not materially changed since November 2018.

How Large is 14 NEW CLOSE?

14 NEW CLOSE is 72m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of detached houses houses in Acle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Acle, and where 14 NEW CLOSE lies on this distribution: 8% of detached houses houses are smaller than 14 NEW CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Acle.

14 NEW CLOSE: Plot and Title Map

14 NEW CLOSE sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 14 NEW 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 14 NEW 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 14 NEW CLOSE?

14 NEW CLOSE is located in ACLE, in the NR13 postcode district. The below map shows the position of No. 14 on NEW CLOSE.