15, NEWARK CLOSE, NORWICH, NR7 0YJ - £410,000

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.

15 NEWARK CLOSE is a large extended detached house of 141m², built sometime between 1991 and 1995, which could now be worth an estimated £536,825. It was last sold for £410,000 in September 2016, which was around 29% above the average September 2016 detached price in the Broadland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was E, and the potential energy rating was B.

15 NEWARK CLOSE Sold Prices

Land registry data shows three sales for 15 NEWARK 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 Broadland local authority area for the corresponding sale date. All of the three 15 NEWARK 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
2016 30 SEP	£410,000	£318,495	29% above HPI
2014 13 AUG	£325,000	£270,850	20% above HPI
1995 10 NOV	£100,000	£74,084	35% above HPI

15 NEWARK 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 three 15 NEWARK CLOSE sales between November 1995 and September 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 August 2014 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2016 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 15 NEWARK CLOSE be worth now?

15 NEWARK CLOSE might now be worth an estimated £536,825.

This is based on house price inflation of 30.9%, between September 2016 and October 2025, 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 30.9% inflationary increase is applied to the most recent sale price for 15 NEWARK CLOSE of £410,000 on 30th September 2016. For the value to have increased from £410,000 to £536,825 over the eight years and eleven months to October 2025, the following assumptions must hold true:

• The value of 15 NEWARK CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The September 2016 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 15 NEWARK CLOSE has not materially changed since September 2016.

How Large is 15 NEWARK CLOSE?

15 NEWARK CLOSE is 141m², which includes two extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 15 NEWARK CLOSE lies on this distribution: 76% of detached houses houses are smaller than 15 NEWARK CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Norwich.

15 NEWARK CLOSE: Plot and Title Map

15 NEWARK CLOSE sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of 15 NEWARK 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 15 NEWARK 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 15 NEWARK CLOSE?

15 NEWARK CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 15 on NEWARK CLOSE.