3, HORNING CLOSE, NORWICH, NR5 8DN - £277,500

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.

3 HORNING CLOSE is a very small terraced house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £287,452. It was last sold for £277,500 in March 2022, which was around 17% above the average March 2022 terraced price in the Norwich local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

3 HORNING CLOSE Sold Prices

Land registry data shows five sales for 3 HORNING 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 3 HORNING 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
2022 31 MAR	£277,500	£238,014	17% above HPI
2021 26 FEB	£170,000	£218,500	22% below HPI
2010 1 JUN	£123,000	£141,569	13% below HPI
2006 15 DEC	£123,500	£151,533	18% below HPI
2003 20 OCT	£51,025	£108,493	53% below HPI

3 HORNING 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 3 HORNING CLOSE sales between October 2003 and March 2022 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 2021 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2022 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 3 HORNING CLOSE be worth now?

3 HORNING CLOSE might now be worth an estimated £287,452.

This is based on house price inflation of 3.6%, between March 2022 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 3.6% inflationary increase is applied to the most recent sale price for 3 HORNING CLOSE of £277,500 on 31st March 2022. For the value to have increased from £277,500 to £287,452 over the two years and five months to October 2025, the following assumptions must hold true:

• The value of 3 HORNING CLOSE has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The March 2022 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 3 HORNING CLOSE has not materially changed since March 2022.

How Large is 3 HORNING CLOSE?

3 HORNING CLOSE is 74m² according to the EPC inspection conducted in March 2020. 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 3 HORNING CLOSE lies on this distribution: 12% of terraced houses houses are smaller than 3 HORNING CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Norwich.

3 HORNING CLOSE: Plot and Title Map

3 HORNING CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 3 HORNING 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 3 HORNING 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 3 HORNING CLOSE?

3 HORNING CLOSE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 3 on HORNING CLOSE.