53, HORNBEAM CLOSE, NORWICH, NR7 8LN - £230,000

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.

53 HORNBEAM CLOSE is a very small detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £265,948. It was last sold for £230,000 in October 2020, which was around 36% below the average October 2020 detached price in the Broadland local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

53 HORNBEAM CLOSE Sold Prices

Land registry data shows three sales for 53 HORNBEAM 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 Broadland local authority area for the corresponding sale date. All of the three 53 HORNBEAM 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
2020 23 OCT	£230,000	£360,647	36% below HPI
2005 19 AUG	£143,000	£221,999	36% below HPI
1997 21 FEB	£50,000	£76,465	35% below HPI

53 HORNBEAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three 53 HORNBEAM CLOSE sales between February 1997 and October 2020 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 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2020 sale, which was also at 36% below the HPI.

What might 53 HORNBEAM CLOSE be worth now?

53 HORNBEAM CLOSE might now be worth an estimated £265,948.

This is based on house price inflation of 15.6%, between October 2020 and October 2025, 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 15.6% inflationary increase is applied to the most recent sale price for 53 HORNBEAM CLOSE of £230,000 on 23rd October 2020. For the value to have increased from £230,000 to £265,948 over the five years to October 2025, the following assumptions must hold true:

• The value of 53 HORNBEAM CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The October 2020 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 53 HORNBEAM CLOSE has not materially changed since October 2020.

How Large is 53 HORNBEAM CLOSE?

53 HORNBEAM CLOSE is 72m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 53 HORNBEAM CLOSE lies on this distribution: 11% of detached houses houses are smaller than 53 HORNBEAM CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Norwich.

53 HORNBEAM CLOSE: Plot and Title Map

53 HORNBEAM CLOSE sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 53 HORNBEAM 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 53 HORNBEAM 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 53 HORNBEAM CLOSE?

53 HORNBEAM CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 53 on HORNBEAM CLOSE.