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

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 VIRGINIA CLOSE is a very small detached house of 71m², built sometime between 1950 and 1966, which could now be worth an estimated £353,533. It was last sold for £215,000 in June 2014, which was around 17% 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	£257,578	17% below HPI
2003 22 JAN	£137,000	£183,139	25% below HPI
2000 24 NOV	£83,000	£119,152	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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2014 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 1 VIRGINIA CLOSE be worth now?

1 VIRGINIA CLOSE might now be worth an estimated £353,533.

This is based on house price inflation of 64.4%, between June 2014 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.4% inflationary increase is applied to the most recent sale price for 1 VIRGINIA CLOSE of £215,000 on 13th June 2014. For the value to have increased from £215,000 to £353,533 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 1 VIRGINIA CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The June 2014 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 1 VIRGINIA CLOSE has not materially changed since June 2014.

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 houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 1 VIRGINIA CLOSE lies on this distribution: 10% of detached houses 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.