7, SHIRE CLOSE, HEMSBY, GREAT YARMOUTH, NR29 4TR - £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.

7 SHIRE CLOSE is a midsized detached house of 104m², built sometime between 2003 and 2006, which could now be worth an estimated £355,551. It was last sold for £280,000 in February 2018, which was around 13% above the average February 2018 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

7 SHIRE CLOSE Sold Prices

Land registry data shows two sales for 7 SHIRE 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 Great Yarmouth local authority area for the corresponding sale date. Both of the two 7 SHIRE CLOSE sales 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
2018 23 FEB	£280,000	£247,738	13% above HPI
2007 24 AUG	£219,950	£211,097	4% above HPI

7 SHIRE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The two 7 SHIRE CLOSE sales from August 2007 and February 2018 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 2007 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2018 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 7 SHIRE CLOSE be worth now?

7 SHIRE CLOSE might now be worth an estimated £355,551.

This is based on house price inflation of 27%, between February 2018 and March 2026, for detached houses, in the Great Yarmouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27% inflationary increase is applied to the most recent sale price for 7 SHIRE CLOSE of £280,000 on 23rd February 2018. For the value to have increased from £280,000 to £355,551 over the seven years and eleven months to March 2026, the following assumptions must hold true:

• The value of 7 SHIRE CLOSE has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The February 2018 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SHIRE CLOSE has not materially changed since February 2018.

How Large is 7 SHIRE CLOSE?

7 SHIRE CLOSE is 104m² according to the EPC inspection conducted in June 2014. This puts it in the largest 50% of detached houses houses in Hemsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hemsby, and where 7 SHIRE CLOSE lies on this distribution: 51% of detached houses houses are smaller than 7 SHIRE CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Hemsby.

7 SHIRE CLOSE: Plot and Title Map

7 SHIRE CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 7 SHIRE 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 SHIRE 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 SHIRE CLOSE?

7 SHIRE CLOSE is located in HEMSBY, in the NR29 postcode district. The below map shows the position of No. 7 on SHIRE CLOSE.