45, RECTORY CLOSE, LONG STRATTON, NORWICH, NR15 2TU - £136,500

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.

45 RECTORY CLOSE is a very small terraced house of 73m², built sometime between 1976 and 1982, which could now be worth an estimated £238,691. It was last sold for £136,500 in May 2010, which was around 4% above the average May 2010 terraced price in the South Norfolk local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was E.

45 RECTORY CLOSE Sold Prices

Land registry data shows two sales for 45 RECTORY 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 South Norfolk local authority area for the corresponding sale date. One of the two 45 RECTORY CLOSE sales was for above the average price, whilst the other was 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
2010 21 MAY	£136,500	£131,391	4% above HPI
2008 22 DEC	£111,950	£117,749	5% below HPI

45 RECTORY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Norfolk local authority area over time, sourced from the HPI. The two 45 RECTORY CLOSE sales from December 2008 and May 2010 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 December 2008 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2010 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 45 RECTORY CLOSE be worth now?

45 RECTORY CLOSE might now be worth an estimated £238,691.

This is based on house price inflation of 74.9%, between May 2010 and July 2026, for terraced 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 74.9% inflationary increase is applied to the most recent sale price for 45 RECTORY CLOSE of £136,500 on 21st May 2010. For the value to have increased from £136,500 to £238,691 over the fifteen years and ten months to July 2026, the following assumptions must hold true:

• The value of 45 RECTORY CLOSE has moved in line with the HPI for terraced houses in the South Norfolk local authority area.
• The May 2010 sale price of £136,500 represented a fair market value for the property.
• The size, condition, and specification of 45 RECTORY CLOSE has not materially changed since May 2010.

How Large is 45 RECTORY CLOSE?

45 RECTORY CLOSE is 73m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 20% of terraced houses houses in Long Stratton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Long Stratton, and where 45 RECTORY CLOSE lies on this distribution: 11% of terraced houses houses are smaller than 45 RECTORY CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Long Stratton.

Where is 45 RECTORY CLOSE?

45 RECTORY CLOSE is located in LONG STRATTON, in the NR15 postcode district. The below map shows the position of No. 45 on RECTORY CLOSE.