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

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 OLD FORGE CLOSE is a small detached house of 118m², built sometime between 1996 and 2002. It was last sold for £368,000 in October 2020, which was around 2% above 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. two of the four 1 OLD FORGE CLOSE sales were for above the average price, and four 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	£360,394	2% above HPI
2012 28 SEP	£218,000	£236,545	8% below HPI
2007 5 OCT	£249,950	£264,062	5% below HPI
1999 21 JUN	£110,000	£93,012	18% 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 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the October 2020 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

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 in Woodton, based on EPC data. The below chart shows the distribution of detached houses by size in Woodton, and where 1 OLD FORGE CLOSE lies on this distribution: 37% of detached 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.