8, CHAPEL CLOSE, REEPHAM, NORWICH, NR10 4QP - £122,500

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.

8 CHAPEL CLOSE is a very small semi-detached house of 60m², built sometime between 1983 and 1990, which could now be worth an estimated £178,627. It was last sold for £122,500 in April 2015, which was around 32% below the average April 2015 semi-detached price in the Broadland local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

8 CHAPEL CLOSE Sold Prices

Land registry data shows four sales for 8 CHAPEL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Broadland local authority area for the corresponding sale date. All of the four 8 CHAPEL 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
2015 2 APR	£122,500	£180,977	32% below HPI
2003 2 JUL	£112,500	£121,516	7% below HPI
2001 1 OCT	£75,000	£86,847	14% below HPI
1996 22 MAR	£36,000	£44,475	19% below HPI

8 CHAPEL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Broadland local authority area over time, sourced from the HPI. The four 8 CHAPEL CLOSE sales between March 1996 and April 2015 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 July 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the April 2015 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 8 CHAPEL CLOSE be worth now?

8 CHAPEL CLOSE might now be worth an estimated £178,627.

This is based on house price inflation of 45.8%, between April 2015 and June 2025, for semi-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 45.8% inflationary increase is applied to the most recent sale price for 8 CHAPEL CLOSE of £122,500 on 2nd April 2015. For the value to have increased from £122,500 to £178,627 over the nine years and ten months to June 2025, the following assumptions must hold true:

• The value of 8 CHAPEL CLOSE has moved in line with the HPI for semi-detached houses in the Broadland local authority area.
• The April 2015 sale price of £122,500 represented a fair market value for the property.
• The size, condition, and specification of 8 CHAPEL CLOSE has not materially changed since April 2015.

How Large is 8 CHAPEL CLOSE?

8 CHAPEL CLOSE is 60m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of semi-detached houses houses in Reepham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Reepham, and where 8 CHAPEL CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 8 CHAPEL CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Reepham.

8 CHAPEL CLOSE: Plot and Title Map

8 CHAPEL CLOSE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 8 CHAPEL 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 8 CHAPEL 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 8 CHAPEL CLOSE?

8 CHAPEL CLOSE is located in REEPHAM, in the NR10 postcode district. The below map shows the position of No. 8 on CHAPEL CLOSE.