4, OLD FORGE CLOSE, WOODTON, BUNGAY, NR35 2LJ - £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 OLD FORGE CLOSE is a midsized detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £501,426. It was last sold for £265,000 in July 2005, which was around 14% above the average July 2005 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

4 OLD FORGE CLOSE Sold Prices

Land registry data shows three sales for 4 OLD FORGE 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 4 OLD FORGE CLOSE sales were 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
2005 25 JUL	£265,000	£232,182	14% above HPI
2001 18 MAY	£142,000	£131,444	8% above HPI
1999 4 NOV	£125,000	£103,510	21% above HPI

4 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 three 4 OLD FORGE CLOSE sales between November 1999 and July 2005 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 May 2001 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2005 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 4 OLD FORGE CLOSE be worth now?

4 OLD FORGE CLOSE might now be worth an estimated £501,426.

This is based on house price inflation of 89.2%, between July 2005 and March 2025, 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 89.2% inflationary increase is applied to the most recent sale price for 4 OLD FORGE CLOSE of £265,000 on 25th July 2005. For the value to have increased from £265,000 to £501,426 over the twenty years and four months to March 2025, the following assumptions must hold true:

• The value of 4 OLD FORGE CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2005 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 4 OLD FORGE CLOSE has not materially changed since July 2005.

How Large is 4 OLD FORGE CLOSE?

4 OLD FORGE CLOSE is 119m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 50% of detached houses houses in Woodton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodton, and where 4 OLD FORGE CLOSE lies on this distribution: 41% of detached houses houses are smaller than 4 OLD FORGE CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Woodton.

4 OLD FORGE CLOSE: Plot and Title Map

4 OLD FORGE CLOSE sits on a plot of roughly 0.151 of an acre, or 612m². The below map shows the location of 4 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 4 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 4 OLD FORGE CLOSE?

4 OLD FORGE CLOSE is located in WOODTON, in the NR35 postcode district. The below map shows the position of No. 4 on OLD FORGE CLOSE.