1, OLD FORGE CLOSE, WOODTON, BUNGAY, NR35 2LJ - £368,000

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 OLD FORGE CLOSE is a small detached house of 118m², built sometime between 1996 and 2002, which could now be worth an estimated £435,728. It was last sold for £368,000 in October 2020, which was around 1% below the average October 2020 detached price in the South Norfolk local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

1 OLD FORGE CLOSE Sold Prices

Land registry data shows four sales for 1 OLD FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Most of the four 1 OLD FORGE 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
2020 22 OCT	£368,000	£371,688	1% below HPI
2012 28 SEP	£218,000	£243,958	11% below HPI
2007 5 OCT	£249,950	£272,337	8% below HPI
1999 21 JUN	£110,000	£95,927	15% above HPI

1 OLD FORGE 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 four 1 OLD FORGE CLOSE sales between June 1999 and October 2020 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 September 2012 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2020 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 1 OLD FORGE CLOSE be worth now?

1 OLD FORGE CLOSE might now be worth an estimated £435,728.

This is based on house price inflation of 18.4%, between October 2020 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 18.4% inflationary increase is applied to the most recent sale price for 1 OLD FORGE CLOSE of £368,000 on 22nd October 2020. For the value to have increased from £368,000 to £435,728 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 1 OLD FORGE CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The October 2020 sale price of £368,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OLD FORGE CLOSE has not materially changed since October 2020.

How Large is 1 OLD FORGE CLOSE?

1 OLD FORGE CLOSE is 118m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 40% of detached houses houses in Woodton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodton, and where 1 OLD FORGE CLOSE lies on this distribution: 37% of detached houses houses are smaller than 1 OLD FORGE CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Woodton.

1 OLD FORGE CLOSE: Plot and Title Map

1 OLD FORGE CLOSE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 1 OLD FORGE 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 OLD FORGE 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 OLD FORGE CLOSE?

1 OLD FORGE CLOSE is located in WOODTON, in the NR35 postcode district. The below map shows the position of No. 1 on OLD FORGE CLOSE.