8, CHESTNUT CLOSE, CATFIELD, GREAT YARMOUTH, NR29 5RH - £220,000

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.

8 CHESTNUT CLOSE is a very small extended terraced house of 80m², built sometime between 2003 and 2006, which could now be worth an estimated £256,687. It was last sold for £220,000 in May 2018, which was around 16% above the average May 2018 terraced price in the North Norfolk local authority area. The most recent EPC inspection was February 2009, where the current energy rating was C, and the potential energy rating was C.

8 CHESTNUT CLOSE Sold Prices

Land registry data shows five sales for 8 CHESTNUT CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the North Norfolk local authority area for the corresponding sale date. All of the five 8 CHESTNUT 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 25 MAY	£220,000	£190,425	16% above HPI
2014 7 OCT	£165,000	£155,727	6% above HPI
2010 29 JUL	£164,000	£144,620	13% above HPI
2006 3 NOV	£180,000	£137,918	31% above HPI
2003 2 MAY	£107,000	£91,581	17% above HPI

8 CHESTNUT CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Norfolk local authority area over time, sourced from the HPI. The five 8 CHESTNUT CLOSE sales between May 2003 and May 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 October 2014 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the May 2018 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 8 CHESTNUT CLOSE be worth now?

8 CHESTNUT CLOSE might now be worth an estimated £256,687.

This is based on house price inflation of 16.7%, between May 2018 and April 2026, for terraced houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.7% inflationary increase is applied to the most recent sale price for 8 CHESTNUT CLOSE of £220,000 on 25th May 2018. For the value to have increased from £220,000 to £256,687 over the eight years and one month to April 2026, the following assumptions must hold true:

• The value of 8 CHESTNUT CLOSE has moved in line with the HPI for terraced houses in the North Norfolk local authority area.
• The May 2018 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CHESTNUT CLOSE has not materially changed since May 2018.

How Large is 8 CHESTNUT CLOSE?

8 CHESTNUT CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in February 2009. This puts it in the smallest 20% of terraced houses houses in Catfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Catfield, and where 8 CHESTNUT CLOSE lies on this distribution: 15% of terraced houses houses are smaller than 8 CHESTNUT CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Catfield.

8 CHESTNUT CLOSE: Plot and Title Map

8 CHESTNUT CLOSE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 8 CHESTNUT 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 CHESTNUT 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 CHESTNUT CLOSE?

8 CHESTNUT CLOSE is located in CATFIELD, in the NR29 postcode district. The below map shows the position of No. 8 on CHESTNUT CLOSE.