2, BROOM CLOSE, TAVERHAM, NORWICH, NR8 6FS - £385,000

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.

2 BROOM CLOSE is a midsized extended detached house of 116m², built sometime between 1996 and 2002, which could now be worth an estimated £384,865. It was last sold for £385,000 in March 2023, which was around 9% below the average March 2023 detached price in the Broadland local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was C.

2 BROOM CLOSE Sold Prices

Land registry data shows two sales for 2 BROOM 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. One of the two 2 BROOM CLOSE sales was for below the average price, whilst the other was roughly equal to 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
2023 29 MAR	£385,000	£423,982	9% below HPI
1998 15 DEC	£84,950	£85,339	Close to HPI

2 BROOM 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 2 BROOM CLOSE sales from December 1998 and March 2023 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 December 1998 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2023 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 BROOM CLOSE be worth now?

2 BROOM CLOSE might now be worth an estimated £384,865.

This is based on house price deflation of 0%, between March 2023 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 0% deflationary decrease is applied to the most recent sale price for 2 BROOM CLOSE of £385,000 on 29th March 2023. For the value to have decreased from £385,000 to £384,865 over the two years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 BROOM CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The March 2023 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BROOM CLOSE has not materially changed since March 2023.

How Large is 2 BROOM CLOSE?

2 BROOM CLOSE is 116m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the largest 50% of detached houses houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Taverham, and where 2 BROOM CLOSE lies on this distribution: 52% of detached houses houses are smaller than 2 BROOM CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Taverham.

2 BROOM CLOSE: Plot and Title Map

2 BROOM CLOSE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 2 BROOM 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 2 BROOM 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 2 BROOM CLOSE?

2 BROOM CLOSE is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 2 on BROOM CLOSE.