1, CHERRY CLOSE, BRADWELL, GREAT YARMOUTH, NR31 8HZ - £250,000

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.

1 CHERRY CLOSE is a very small detached house of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £267,473. It was last sold for £250,000 in March 2022, which was around 18% below the average March 2022 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was January 2015, where the current energy rating was E, and the potential energy rating was C.

1 CHERRY CLOSE Sold Prices

Land registry data shows two sales for 1 CHERRY 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 Great Yarmouth local authority area for the corresponding sale date. Both of the two 1 CHERRY 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 14 MAR	£250,000	£303,368	18% below HPI
2015 21 JUL	£155,000	£208,133	26% below HPI

1 CHERRY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The two 1 CHERRY CLOSE sales from July 2015 and March 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 July 2015 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2022 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 1 CHERRY CLOSE be worth now?

1 CHERRY CLOSE might now be worth an estimated £267,473.

This is based on house price inflation of 7%, between March 2022 and February 2025, for detached houses, in the Great Yarmouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7% inflationary increase is applied to the most recent sale price for 1 CHERRY CLOSE of £250,000 on 14th March 2022. For the value to have increased from £250,000 to £267,473 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 1 CHERRY CLOSE has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The March 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHERRY CLOSE has not materially changed since March 2022.

How Large is 1 CHERRY CLOSE?

1 CHERRY CLOSE is 65m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of detached houses houses in Bradwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bradwell, and where 1 CHERRY CLOSE lies on this distribution: 5% of detached houses houses are smaller than 1 CHERRY CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Bradwell.

1 CHERRY CLOSE: Plot and Title Map

1 CHERRY CLOSE sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 1 CHERRY 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 CHERRY 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 CHERRY CLOSE?

1 CHERRY CLOSE is located in BRADWELL, in the NR31 postcode district. The below map shows the position of No. 1 on CHERRY CLOSE.