3, LEWIS CLOSE, DITCHINGHAM, BUNGAY, NR35 2RG - £230,000

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.

3 LEWIS CLOSE is a small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £295,732. It was last sold for £230,000 in February 2018, which was around 31% below the average February 2018 detached price in the South Norfolk local authority area. The most recent EPC inspection was July 2013, where the current energy rating was E, and the potential energy rating was B.

3 LEWIS CLOSE Sold Prices

Land registry data shows three sales for 3 LEWIS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the three 3 LEWIS 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
2018 12 FEB	£230,000	£334,966	31% below HPI
2007 5 OCT	£223,000	£272,337	18% below HPI
2003 17 APR	£135,000	£183,828	27% below HPI

3 LEWIS 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 three 3 LEWIS CLOSE sales between April 2003 and February 2018 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 October 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2018 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 3 LEWIS CLOSE be worth now?

3 LEWIS CLOSE might now be worth an estimated £295,732.

This is based on house price inflation of 28.6%, between February 2018 and April 2026, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.6% inflationary increase is applied to the most recent sale price for 3 LEWIS CLOSE of £230,000 on 12th February 2018. For the value to have increased from £230,000 to £295,732 over the seven years and ten months to April 2026, the following assumptions must hold true:

• The value of 3 LEWIS CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The February 2018 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LEWIS CLOSE has not materially changed since February 2018.

How Large is 3 LEWIS CLOSE?

3 LEWIS CLOSE is 84m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 40% of detached houses houses in Ditchingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ditchingham, and where 3 LEWIS CLOSE lies on this distribution: 37% of detached houses houses are smaller than 3 LEWIS CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Ditchingham.

3 LEWIS CLOSE: Plot and Title Map

3 LEWIS CLOSE sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 3 LEWIS 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 LEWIS 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 LEWIS CLOSE?

3 LEWIS CLOSE is located in DITCHINGHAM, in the NR35 postcode district. The below map shows the position of No. 3 on LEWIS CLOSE.