1, RINGWOOD CLOSE, LITTLE MELTON, NORWICH, NR9 3NY - £410,000

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 RINGWOOD CLOSE is a small extended detached house of 102m², built sometime between 1950 and 1966, which could now be worth an estimated £436,393. It was last sold for £410,000 in May 2022, which was around 1% below the average May 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2020, where the current energy rating was E, and the potential energy rating was C.

1 RINGWOOD CLOSE Sold Prices

Land registry data shows two sales for 1 RINGWOOD 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 South Norfolk local authority area for the corresponding sale date. Both of the two 1 RINGWOOD 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 6 MAY	£410,000	£413,478	1% below HPI
2021 24 FEB	£275,000	£373,223	26% below HPI

1 RINGWOOD 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 two 1 RINGWOOD CLOSE sales from February 2021 and May 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 February 2021 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 1 RINGWOOD CLOSE be worth now?

1 RINGWOOD CLOSE might now be worth an estimated £436,393.

This is based on house price inflation of 6.4%, between May 2022 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 6.4% inflationary increase is applied to the most recent sale price for 1 RINGWOOD CLOSE of £410,000 on 6th May 2022. For the value to have increased from £410,000 to £436,393 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 1 RINGWOOD CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The May 2022 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RINGWOOD CLOSE has not materially changed since May 2022.

How Large is 1 RINGWOOD CLOSE?

1 RINGWOOD CLOSE is 102m², which includes two extensions, according to the EPC inspection conducted in April 2020. This puts it in the smallest 30% of detached houses houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Little Melton, and where 1 RINGWOOD CLOSE lies on this distribution: 22% of detached houses houses are smaller than 1 RINGWOOD CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Little Melton.

1 RINGWOOD CLOSE: Plot and Title Map

1 RINGWOOD CLOSE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 1 RINGWOOD 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 RINGWOOD 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 RINGWOOD CLOSE?

1 RINGWOOD CLOSE is located in LITTLE MELTON, in the NR9 postcode district. The below map shows the position of No. 1 on RINGWOOD CLOSE.