1, CARPENTERS CLOSE, HALES, NORWICH, NR14 6TJ - £340,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 CARPENTERS CLOSE is a very small detached house of 81m², built in 2022, which could now be worth an estimated £344,815. It was last sold for £340,000 in December 2022, which was around 22% below the average December 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was B, and the potential energy rating was A.

1 CARPENTERS CLOSE Sold Prices

Land registry data shows two sales for 1 CARPENTERS 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 1 CARPENTERS 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
2022 15 DEC	£340,000	£433,949	22% below HPI
2019 8 AUG	£261,500	£341,663	23% below HPI

1 CARPENTERS 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 1 CARPENTERS CLOSE sales from August 2019 and December 2022 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 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2022 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 1 CARPENTERS CLOSE be worth now?

1 CARPENTERS CLOSE might now be worth an estimated £344,815.

This is based on house price inflation of 1.4%, between December 2022 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.4% inflationary increase is applied to the most recent sale price for 1 CARPENTERS CLOSE of £340,000 on 15th December 2022. For the value to have increased from £340,000 to £344,815 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 CARPENTERS CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The December 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CARPENTERS CLOSE has not materially changed since December 2022.

How Large is 1 CARPENTERS CLOSE?

1 CARPENTERS CLOSE is 81m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% of detached houses houses in Hales, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hales, and where 1 CARPENTERS CLOSE lies on this distribution: 4% of detached houses houses are smaller than 1 CARPENTERS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Hales.

1 CARPENTERS CLOSE: Plot and Title Map

1 CARPENTERS CLOSE sits on a plot of roughly 0.215 of an acre, or 871m². The below map shows the location of 1 CARPENTERS 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 1 CARPENTERS 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 1 CARPENTERS CLOSE?

1 CARPENTERS CLOSE is located in HALES, in the NR14 postcode district. The below map shows the position of No. 1 on CARPENTERS CLOSE.