1, WREN CLOSE, NORWICH, NR4 7NR - £298,000

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 WREN CLOSE is a very small detached house of 58m², built sometime between 1967 and 1975. It was last sold for £298,000 in February 2024, which was around 32% below the average February 2024 detached price in the Norwich local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

1 WREN CLOSE Sold Prices

Land registry data shows three sales for 1 WREN 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 Norwich local authority area for the corresponding sale date. All of the three 1 WREN 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
2024 15 FEB	£298,000	£439,098	32% below HPI
2022 12 DEC	£300,000	£475,070	37% below HPI
2015 4 DEC	£180,000	£330,120	45% below HPI

1 WREN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The three 1 WREN CLOSE sales between December 2015 and February 2024 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 December 2022 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2024 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 1 WREN CLOSE?

1 WREN CLOSE is 58m² according to the EPC inspection conducted in September 2021. 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 WREN CLOSE lies on this distribution: 3% of detached houses are smaller than 1 WREN CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1 WREN CLOSE: Plot and Title Map

1 WREN CLOSE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 1 WREN 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 WREN 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 WREN CLOSE?

1 WREN CLOSE is located in NORWICH, in the NR4 postcode district. The below map shows the position of No. 1 on WREN CLOSE.