1, CORNWALL CLOSE, RACKHEATH, NORWICH, NR13 6SU - £248,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 CORNWALL CLOSE is a large extended detached house of 147m², built sometime between 1996 and 2002. It was last sold for £248,000 in November 2004, which was around 14% above the average November 2004 detached price in the Broadland local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was C.

1 CORNWALL CLOSE Sold Prices

Land registry data shows three sales for 1 CORNWALL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 1 CORNWALL 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
2004 11 NOV	£248,000	£216,764	14% above HPI
2003 17 APR	£230,000	£186,836	23% above HPI
2002 1 MAR	£168,950	£146,275	16% above HPI

1 CORNWALL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three 1 CORNWALL CLOSE sales between March 2002 and November 2004 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 April 2003 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the November 2004 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 1 CORNWALL CLOSE?

1 CORNWALL CLOSE is 147m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the largest 30% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where 1 CORNWALL CLOSE lies on this distribution: 78% of detached houses are smaller than 1 CORNWALL CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

1 CORNWALL CLOSE: Plot and Title Map

1 CORNWALL CLOSE sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 1 CORNWALL 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 CORNWALL 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 CORNWALL CLOSE?

1 CORNWALL CLOSE is located in RACKHEATH, in the NR13 postcode district. The below map shows the position of No. 1 on CORNWALL CLOSE.