2, OLD FORGE CLOSE, WOODTON, BUNGAY, NR35 2LJ - £272,000

2 OLD FORGE CLOSE is a very small detached house of 97m², built sometime between 1996 and 2002. It was last sold for £272,000 in March 2016, which was around 9% below the average March 2016 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

2 OLD FORGE CLOSE Sold Prices

Land registry data shows two sales for 2 OLD FORGE 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 South Norfolk local authority area for the corresponding sale date. One of the two 2 OLD FORGE 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
2016 30 MAR	£272,000	£298,148	9% below HPI
1998 3 AUG	£99,950	£86,159	16% above HPI

2 OLD FORGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 2 OLD FORGE CLOSE sales from August 1998 and March 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 1998 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the March 2016 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 2 OLD FORGE CLOSE?

2 OLD FORGE CLOSE is 97m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 20% of detached houses in Woodton, based on EPC data. The below chart shows the distribution of detached houses by size in Woodton, and where 2 OLD FORGE CLOSE lies on this distribution: 13% of detached houses are smaller than 2 OLD FORGE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Woodton.

2 OLD FORGE CLOSE: Plot and Title Map

2 OLD FORGE CLOSE sits on a plot of roughly 0.148 of an acre, or 598m². The below map shows the location of 2 OLD FORGE 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 OLD FORGE 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 OLD FORGE CLOSE?

2 OLD FORGE CLOSE is located in WOODTON, in the NR35 postcode district. The below map shows the position of No. 2 on OLD FORGE CLOSE.