40, VANE CLOSE, NORWICH, NR7 0US - £132,000

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.

40 VANE CLOSE is a very small terraced house of 69m², built sometime between 1996 and 2002, which could now be worth an estimated £234,173. It was last sold for £132,000 in October 2009, which was around 4% above the average October 2009 terraced price in the Broadland local authority area. The most recent EPC inspection was August 2009, where the current energy rating was B, and the potential energy rating was B.

40 VANE CLOSE Sold Prices

Land registry data shows two sales for 40 VANE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Broadland local authority area for the corresponding sale date. Both of the two 40 VANE 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
2009 30 OCT	£132,000	£126,759	4% above HPI
2000 11 AUG	£58,425	£57,142	2% above HPI

40 VANE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Broadland local authority area over time, sourced from the HPI. The two 40 VANE CLOSE sales from August 2000 and October 2009 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 August 2000 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2009 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 40 VANE CLOSE be worth now?

40 VANE CLOSE might now be worth an estimated £234,173.

This is based on house price inflation of 77.4%, between October 2009 and October 2025, for terraced houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77.4% inflationary increase is applied to the most recent sale price for 40 VANE CLOSE of £132,000 on 30th October 2009. For the value to have increased from £132,000 to £234,173 over the sixteen years to October 2025, the following assumptions must hold true:

• The value of 40 VANE CLOSE has moved in line with the HPI for terraced houses in the Broadland local authority area.
• The October 2009 sale price of £132,000 represented a fair market value for the property.
• The size, condition, and specification of 40 VANE CLOSE has not materially changed since October 2009.

How Large is 40 VANE CLOSE?

40 VANE CLOSE is 69m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 10% 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 40 VANE CLOSE lies on this distribution: 8% of terraced houses houses are smaller than 40 VANE CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Norwich.

40 VANE CLOSE: Plot and Title Map

40 VANE CLOSE sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 40 VANE 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 40 VANE 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 40 VANE CLOSE?

40 VANE CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 40 on VANE CLOSE.