5, PETRE CLOSE, NORTH WALSHAM, NR28 0SS - £225,000

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 PETRE CLOSE is a very small detached house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £267,449. It was last sold for £225,000 in November 2019, which was around 38% below the average November 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

5 PETRE CLOSE Sold Prices

Land registry data shows three sales for 5 PETRE 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 North Norfolk local authority area for the corresponding sale date. All of the three 5 PETRE CLOSE sales were 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
2019 21 NOV	£225,000	£362,439	38% below HPI
2005 31 AUG	£152,000	£229,399	34% below HPI
1999 12 FEB	£50,200	£85,237	41% below HPI

5 PETRE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 5 PETRE CLOSE sales between February 1999 and November 2019 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 2005 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2019 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 5 PETRE CLOSE be worth now?

5 PETRE CLOSE might now be worth an estimated £267,449.

This is based on house price inflation of 18.9%, between November 2019 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.9% inflationary increase is applied to the most recent sale price for 5 PETRE CLOSE of £225,000 on 21st November 2019. For the value to have increased from £225,000 to £267,449 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 PETRE CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2019 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PETRE CLOSE has not materially changed since November 2019.

How Large is 5 PETRE CLOSE?

5 PETRE CLOSE is 69m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 20% of detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 5 PETRE CLOSE lies on this distribution: 10% of detached houses houses are smaller than 5 PETRE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

5 PETRE CLOSE: Plot and Title Map

5 PETRE CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 5 PETRE 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 5 PETRE 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 5 PETRE CLOSE?

5 PETRE CLOSE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 5 on PETRE CLOSE.