16, FALKLAND CLOSE, NORWICH, NR6 5QZ - £180,500

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.

16 FALKLAND CLOSE is a very small extended terraced house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £218,430. It was last sold for £180,500 in January 2020, which was around 3% below the average January 2020 terraced price in the Broadland local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

16 FALKLAND CLOSE Sold Prices

Land registry data shows two sales for 16 FALKLAND 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 Broadland local authority area for the corresponding sale date. One of the two 16 FALKLAND CLOSE sales was for below the average price, whilst the other was 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
2020 3 JAN	£180,500	£185,826	3% below HPI
1997 7 FEB	£42,000	£39,019	8% above HPI

16 FALKLAND CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Broadland local authority area over time, sourced from the HPI. The two 16 FALKLAND CLOSE sales from February 1997 and January 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 February 1997 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 16 FALKLAND CLOSE be worth now?

16 FALKLAND CLOSE might now be worth an estimated £218,430.

This is based on house price inflation of 21%, between January 2020 and October 2025, for terraced 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% inflationary increase is applied to the most recent sale price for 16 FALKLAND CLOSE of £180,500 on 3rd January 2020. For the value to have increased from £180,500 to £218,430 over the four years and three months to October 2025, the following assumptions must hold true:

• The value of 16 FALKLAND CLOSE has moved in line with the HPI for terraced houses in the Broadland local authority area.
• The January 2020 sale price of £180,500 represented a fair market value for the property.
• The size, condition, and specification of 16 FALKLAND CLOSE has not materially changed since January 2020.

How Large is 16 FALKLAND CLOSE?

16 FALKLAND CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% of terraced houses houses in Norwich, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Norwich, and where 16 FALKLAND CLOSE lies on this distribution: 11% of terraced houses houses are smaller than 16 FALKLAND CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Norwich.

16 FALKLAND CLOSE: Plot and Title Map

16 FALKLAND CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 16 FALKLAND 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 16 FALKLAND 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 16 FALKLAND CLOSE?

16 FALKLAND CLOSE is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 16 on FALKLAND CLOSE.