9, GIBBS CLOSE, LITTLE MELTON, NORWICH, NR9 3NU - £190,000

9 GIBBS CLOSE is a very small detached house of 87m², built sometime between 1967 and 1975. It was last sold for £190,000 in April 2016, which was around 36% below the average April 2016 detached price in the South Norfolk local authority area. The most recent EPC inspection was March 2015, where the current energy rating was F, and the potential energy rating was C.

9 GIBBS CLOSE Sold Prices

Land registry data shows two sales for 9 GIBBS 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 9 GIBBS 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
2016 1 APR	£190,000	£297,615	36% below HPI
2002 13 AUG	£135,000	£165,381	18% below HPI

9 GIBBS 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 9 GIBBS CLOSE sales from August 2002 and April 2016 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 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2016 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 9 GIBBS CLOSE?

9 GIBBS CLOSE is 87m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of detached houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Little Melton, and where 9 GIBBS CLOSE lies on this distribution: 6% of detached houses are smaller than 9 GIBBS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Little Melton.

9 GIBBS CLOSE: Plot and Title Map

9 GIBBS CLOSE sits on a plot of roughly 0.088 of an acre, or 354m². The below map shows the location of 9 GIBBS 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 9 GIBBS 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 9 GIBBS CLOSE?

9 GIBBS CLOSE is located in LITTLE MELTON, in the NR9 postcode district. The below map shows the position of No. 9 on GIBBS CLOSE.