55, BISHOPS CLOSE, NORWICH, NR7 0EH - £280,000

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.

55 BISHOPS CLOSE is a very small extended detached house of 79m², built sometime between 1983 and 1990, which could now be worth an estimated £336,445. It was last sold for £280,000 in May 2020, which was around 21% below the average May 2020 detached price in the Broadland local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

55 BISHOPS CLOSE Sold Prices

Land registry data shows four sales for 55 BISHOPS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. two of the four 55 BISHOPS CLOSE sales were for below the average price, and four 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
2020 28 MAY	£280,000	£352,727	21% below HPI
2005 11 MAR	£204,000	£219,868	7% below HPI
1998 11 AUG	£92,500	£87,441	6% above HPI
1996 26 APR	£76,500	£72,162	6% above HPI

55 BISHOPS 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 four 55 BISHOPS CLOSE sales between April 1996 and May 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 March 2005 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2020 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 55 BISHOPS CLOSE be worth now?

55 BISHOPS CLOSE might now be worth an estimated £336,445.

This is based on house price inflation of 20.2%, between May 2020 and May 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 20.2% inflationary increase is applied to the most recent sale price for 55 BISHOPS CLOSE of £280,000 on 28th May 2020. For the value to have increased from £280,000 to £336,445 over the six years to May 2026, the following assumptions must hold true:

• The value of 55 BISHOPS CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The May 2020 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 55 BISHOPS CLOSE has not materially changed since May 2020.

How Large is 55 BISHOPS CLOSE?

55 BISHOPS CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in December 2019. 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 55 BISHOPS CLOSE lies on this distribution: 17% of detached houses houses are smaller than 55 BISHOPS CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Norwich.

55 BISHOPS CLOSE: Plot and Title Map

55 BISHOPS CLOSE sits on a plot of roughly 0.156 of an acre, or 631m². The below map shows the location of 55 BISHOPS 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 55 BISHOPS 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 55 BISHOPS CLOSE?

55 BISHOPS CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 55 on BISHOPS CLOSE.