1, POUND CLOSE, BANHAM, NORWICH, NR16 2SY - £300,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 POUND CLOSE is a small detached house of 87m², built sometime between 1996 and 2002. It was last sold for £300,000 in September 2020, which was around 5% below the average September 2020 detached price in the Breckland local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

1 POUND CLOSE Sold Prices

Land registry data shows four sales for 1 POUND 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 Breckland local authority area for the corresponding sale date. All of the four 1 POUND 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 30 SEP	£300,000	£314,912	5% below HPI
2018 6 AUG	£280,000	£298,316	6% below HPI
2015 22 JUN	£217,000	£242,342	10% below HPI
1998 27 NOV	£74,000	£79,638	7% below HPI

1 POUND CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The four 1 POUND CLOSE sales between November 1998 and September 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 August 2018 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2020 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 1 POUND CLOSE?

1 POUND CLOSE is 87m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses in Banham, based on EPC data. The below chart shows the distribution of detached houses by size in Banham, and where 1 POUND CLOSE lies on this distribution: 20% of detached houses are smaller than 1 POUND CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Banham.

1 POUND CLOSE: Plot and Title Map

1 POUND CLOSE sits on a plot of roughly 0.123 of an acre, or 499m². The below map shows the location of 1 POUND 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 POUND 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 POUND CLOSE?

1 POUND CLOSE is located in BANHAM, in the NR16 postcode district. The below map shows the position of No. 1 on POUND CLOSE.