16, FINCH CLOSE, NORWICH, NR7 9DX - £235,000

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.

16 FINCH CLOSE is a midsized extended terraced house of 108m², built sometime between 1950 and 1966, which could now be worth an estimated £276,272. It was last sold for £235,000 in September 2020, which was around 12% above the average September 2020 terraced price in the Norwich local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

16 FINCH CLOSE Sold Prices

Land registry data shows five sales for 16 FINCH CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Norwich local authority area for the corresponding sale date. Most of the five 16 FINCH 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
2020 7 SEP	£235,000	£209,718	12% above HPI
2015 27 MAR	£168,000	£166,934	1% above HPI
2014 20 FEB	£160,000	£161,230	1% below HPI
2005 30 SEP	£146,950	£131,155	12% above HPI
1999 10 DEC	£57,500	£52,521	9% above HPI

16 FINCH CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Norwich local authority area over time, sourced from the HPI. The five 16 FINCH CLOSE sales between December 1999 and September 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 March 2015 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2020 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 16 FINCH CLOSE be worth now?

16 FINCH CLOSE might now be worth an estimated £276,272.

This is based on house price inflation of 17.6%, between September 2020 and October 2025, for terraced houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.6% inflationary increase is applied to the most recent sale price for 16 FINCH CLOSE of £235,000 on 7th September 2020. For the value to have increased from £235,000 to £276,272 over the four years and eleven months to October 2025, the following assumptions must hold true:

• The value of 16 FINCH CLOSE has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The September 2020 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FINCH CLOSE has not materially changed since September 2020.

How Large is 16 FINCH CLOSE?

16 FINCH CLOSE is 108m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 50% 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 FINCH CLOSE lies on this distribution: 49% of terraced houses houses are smaller than 16 FINCH CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Norwich.

16 FINCH CLOSE: Plot and Title Map

16 FINCH CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 16 FINCH 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 FINCH 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 FINCH CLOSE?

16 FINCH CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 16 on FINCH CLOSE.