16, LAYER CLOSE, NORWICH, NR5 9NS - £172,500

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.

16 LAYER CLOSE is a very large extended flat of 83m², built sometime between 1991 and 1995, which could now be worth an estimated £172,494. It was last sold for £172,500 in February 2024, which was around 15% above the average February 2024 flat price in the Norwich local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

16 LAYER CLOSE Sold Prices

Land registry data shows three sales for 16 LAYER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Norwich local authority area for the corresponding sale date. Two of the three 16 LAYER CLOSE sales were for above the average price, whilst one was 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
2024 26 FEB	£172,500	£150,009	15% above HPI
2006 1 DEC	£92,500	£113,124	18% below HPI
1999 22 JAN	£59,500	£33,591	77% above HPI

What might 16 LAYER CLOSE be worth now?

16 LAYER CLOSE might now be worth an estimated £172,494.

This is based on house price deflation of 0%, between February 2024 and May 2026, for flats, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0% deflationary decrease is applied to the most recent sale price for 16 LAYER CLOSE of £172,500 on 26th February 2024. For the value to have decreased from £172,500 to £172,494 over the one year and nine months to May 2026, the following assumptions must hold true:

• The value of 16 LAYER CLOSE has moved in line with the HPI for flats in the Norwich local authority area.
• The February 2024 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 16 LAYER CLOSE has not materially changed since February 2024.

How Large is 16 LAYER CLOSE?

16 LAYER CLOSE is 83m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the largest 10% of flats in Norwich, based on EPC data. 93% of flats are smaller than 16 LAYER CLOSE, and 6% of flats are larger. Note that EPC data is not available for all properties in Norwich.

16 LAYER CLOSE: Plot

16 LAYER CLOSE sits on a plot of roughly 0.077 of an acre, or 312m².

Where is 16 LAYER CLOSE?

16 LAYER CLOSE is located in NORWICH, in the NR5 postcode district.