1, VIRGINIA CLOSE, NORWICH, NR7 8JJ - £215,000

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 VIRGINIA CLOSE is a very small detached house of 71m², built sometime between 1950 and 1966. It was last sold for £215,000 in June 2014, which was around 16% below the average June 2014 detached price in the Broadland local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

1 VIRGINIA CLOSE Sold Prices

Land registry data shows three sales for 1 VIRGINIA 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 VIRGINIA 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
2014 13 JUN	£215,000	£255,022	16% below HPI
2003 22 JAN	£137,000	£181,322	24% below HPI
2000 24 NOV	£83,000	£117,969	30% below HPI

1 VIRGINIA 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 VIRGINIA CLOSE sales between November 2000 and June 2014 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 January 2003 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2014 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 1 VIRGINIA CLOSE?

1 VIRGINIA CLOSE is 71m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 1 VIRGINIA CLOSE lies on this distribution: 10% of detached houses are smaller than 1 VIRGINIA CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1 VIRGINIA CLOSE: Plot and Title Map

1 VIRGINIA CLOSE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 1 VIRGINIA 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 VIRGINIA 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 VIRGINIA CLOSE?

1 VIRGINIA CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 1 on VIRGINIA CLOSE.