7, KNIPE CLOSE, TACOLNESTON, NORWICH, NR16 1BX - £311,000

7 KNIPE CLOSE is a small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £311,000 in May 2022, which was around 23% below the average May 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was January 2024, where the current energy rating was E, and the potential energy rating was B.

7 KNIPE CLOSE Sold Prices

Land registry data shows two sales for 7 KNIPE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two 7 KNIPE 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
2022 13 MAY	£311,000	£402,206	23% below HPI
2021 12 NOV	£240,000	£390,053	38% below HPI

7 KNIPE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 7 KNIPE CLOSE sales from November 2021 and May 2022 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 November 2021 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 7 KNIPE CLOSE?

7 KNIPE CLOSE is 74m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 30% of detached houses in Tacolneston, based on EPC data. The below chart shows the distribution of detached houses by size in Tacolneston, and where 7 KNIPE CLOSE lies on this distribution: 28% of detached houses are smaller than 7 KNIPE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Tacolneston.

7 KNIPE CLOSE: Plot and Title Map

7 KNIPE CLOSE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of 7 KNIPE 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 7 KNIPE 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 7 KNIPE CLOSE?

7 KNIPE CLOSE is located in TACOLNESTON, in the NR16 postcode district. The below map shows the position of No. 7 on KNIPE CLOSE.