5, FAIRVIEW CLOSE, DRAYTON, NORWICH, NR8 6RT - £355,000

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.

5 FAIRVIEW CLOSE is a large extended detached house of 146m², built sometime between 1967 and 1975, which could now be worth an estimated £363,497. It was last sold for £355,000 in September 2023, which was around 14% below the average September 2023 detached price in the Broadland local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

5 FAIRVIEW CLOSE Sold Prices

Land registry data shows one sale for 5 FAIRVIEW CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Broadland local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 25 SEP	£355,000	£411,218	14% below HPI

What might 5 FAIRVIEW CLOSE be worth now?

5 FAIRVIEW CLOSE might now be worth an estimated £363,497.

This is based on house price inflation of 2.4%, between September 2023 and April 2026, for detached 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 2.4% inflationary increase is applied to the most recent sale price for 5 FAIRVIEW CLOSE of £355,000 on 25th September 2023. For the value to have increased from £355,000 to £363,497 over the three years and five months to April 2026, the following assumptions must hold true:

• The value of 5 FAIRVIEW CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The September 2023 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FAIRVIEW CLOSE has not materially changed since September 2023.

How Large is 5 FAIRVIEW CLOSE?

5 FAIRVIEW CLOSE is 146m², which includes three extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 40% of detached houses in Drayton, based on EPC data. The below chart shows the distribution of detached houses by size in Drayton, and where 5 FAIRVIEW CLOSE lies on this distribution: 69% of detached houses are smaller than 5 FAIRVIEW CLOSE, and 30% of detached houses are larger. Note that EPC data is not available for all properties in Drayton.

Where is 5 FAIRVIEW CLOSE?

5 FAIRVIEW CLOSE is located in DRAYTON, in the NR8 postcode district.