48, VANE CLOSE, NORWICH, NR7 0US - £148,875

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.

48 VANE CLOSE is a very small terraced house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £247,950. It was last sold for £148,875 in July 2012, which was around 10% above the average July 2012 terraced price in the Broadland local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

48 VANE CLOSE Sold Prices

Land registry data shows four sales for 48 VANE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Broadland local authority area for the corresponding sale date. All of the four 48 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
2012 20 JUL	£148,875	£135,020	10% above HPI
2006 15 DEC	£149,950	£138,636	8% above HPI
2001 27 JUL	£79,150	£65,853	20% above HPI
2000 7 SEP	£63,412	£58,768	8% above HPI

48 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 four 48 VANE CLOSE sales between September 2000 and July 2012 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 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2012 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 48 VANE CLOSE be worth now?

48 VANE CLOSE might now be worth an estimated £247,950.

This is based on house price inflation of 66.5%, between July 2012 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 66.5% inflationary increase is applied to the most recent sale price for 48 VANE CLOSE of £148,875 on 20th July 2012. For the value to have increased from £148,875 to £247,950 over the twelve years and nine months to October 2025, the following assumptions must hold true:

• The value of 48 VANE CLOSE has moved in line with the HPI for terraced houses in the Broadland local authority area.
• The July 2012 sale price of £148,875 represented a fair market value for the property.
• The size, condition, and specification of 48 VANE CLOSE has not materially changed since July 2012.

How Large is 48 VANE CLOSE?

48 VANE CLOSE is 70m² according to the EPC inspection conducted in February 2012. 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 48 VANE CLOSE lies on this distribution: 9% of terraced houses houses are smaller than 48 VANE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Norwich.

48 VANE CLOSE: Plot and Title Map

48 VANE CLOSE sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 48 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 48 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 48 VANE CLOSE?

48 VANE CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 48 on VANE CLOSE.