4, BOWER CLOSE, POTTER HEIGHAM, GREAT YARMOUTH, NR29 5DL - £265,000

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.

4 BOWER CLOSE is a large extended detached house of 155m², built sometime between 1996 and 2002, which could now be worth an estimated £293,402. It was last sold for £265,000 in November 2020, which was around 32% below the average November 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

4 BOWER CLOSE Sold Prices

Land registry data shows two sales for 4 BOWER 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 North Norfolk local authority area for the corresponding sale date. One of the two 4 BOWER 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
2020 30 NOV	£265,000	£389,113	32% below HPI
2002 24 JUL	£181,000	£157,701	15% above HPI

4 BOWER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two 4 BOWER CLOSE sales from July 2002 and November 2020 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 July 2002 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the November 2020 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 4 BOWER CLOSE be worth now?

4 BOWER CLOSE might now be worth an estimated £293,402.

This is based on house price inflation of 10.7%, between November 2020 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.7% inflationary increase is applied to the most recent sale price for 4 BOWER CLOSE of £265,000 on 30th November 2020. For the value to have increased from £265,000 to £293,402 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 4 BOWER CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2020 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 4 BOWER CLOSE has not materially changed since November 2020.

How Large is 4 BOWER CLOSE?

4 BOWER CLOSE is 155m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the largest 30% of detached houses houses in Potter Heigham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Potter Heigham, and where 4 BOWER CLOSE lies on this distribution: 74% of detached houses houses are smaller than 4 BOWER CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Potter Heigham.

4 BOWER CLOSE: Plot and Title Map

4 BOWER CLOSE sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 4 BOWER 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 4 BOWER 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 4 BOWER CLOSE?

4 BOWER CLOSE is located in POTTER HEIGHAM, in the NR29 postcode district. The below map shows the position of No. 4 on BOWER CLOSE.