2, POUND CLOSE, BANHAM, NORWICH, NR16 2SY - £300,000

2 POUND CLOSE is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £300,000 in January 2023, which was around 24% below the average January 2023 detached price in the Breckland local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was B.

2 POUND CLOSE Sold Prices

Land registry data shows four sales for 2 POUND CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the four 2 POUND CLOSE sales were for below 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 12 JAN	£300,000	£394,782	24% below HPI
2016 24 JUN	£202,500	£269,131	25% below HPI
2001 24 OCT	£113,000	£125,665	10% below HPI
1998 15 MAY	£65,000	£75,146	14% below HPI

2 POUND CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The four 2 POUND CLOSE sales between May 1998 and January 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 June 2016 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2023 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 2 POUND CLOSE?

2 POUND CLOSE is 70m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses in Banham, based on EPC data. The below chart shows the distribution of detached houses by size in Banham, and where 2 POUND CLOSE lies on this distribution: 5% of detached houses are smaller than 2 POUND CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Banham.

2 POUND CLOSE: Plot and Title Map

2 POUND CLOSE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 2 POUND 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 POUND 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 POUND CLOSE?

2 POUND CLOSE is located in BANHAM, in the NR16 postcode district. The below map shows the position of No. 2 on POUND CLOSE.