10, MAURICE RAE CLOSE, NORWICH, NR3 4QR - £222,500

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.

10 MAURICE RAE CLOSE is a very small extended detached house of 81m², built sometime from 2007 onwards, which could now be worth an estimated £323,489. It was last sold for £222,500 in February 2015, which was around 30% below the average February 2015 detached price in the Norwich local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

10 MAURICE RAE CLOSE Sold Prices

Land registry data shows two sales for 10 MAURICE RAE 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 Norwich local authority area for the corresponding sale date. Both of the two 10 MAURICE RAE 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
2015 27 FEB	£222,500	£317,824	30% below HPI
2008 27 JUN	£225,000	£281,819	20% below HPI

10 MAURICE RAE 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 two 10 MAURICE RAE CLOSE sales from June 2008 and February 2015 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 June 2008 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2015 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 10 MAURICE RAE CLOSE be worth now?

10 MAURICE RAE CLOSE might now be worth an estimated £323,489.

This is based on house price inflation of 45.4%, between February 2015 and February 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 45.4% inflationary increase is applied to the most recent sale price for 10 MAURICE RAE CLOSE of £222,500 on 27th February 2015. For the value to have increased from £222,500 to £323,489 over the ten years to February 2025, the following assumptions must hold true:

• The value of 10 MAURICE RAE CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The February 2015 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 10 MAURICE RAE CLOSE has not materially changed since February 2015.

How Large is 10 MAURICE RAE CLOSE?

10 MAURICE RAE CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% 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 10 MAURICE RAE CLOSE lies on this distribution: 19% of detached houses houses are smaller than 10 MAURICE RAE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Norwich.

10 MAURICE RAE CLOSE: Plot and Title Map

10 MAURICE RAE CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 10 MAURICE RAE 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 10 MAURICE RAE 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 10 MAURICE RAE CLOSE?

10 MAURICE RAE CLOSE is located in NORWICH, in the NR3 postcode district. The below map shows the position of No. 10 on MAURICE RAE CLOSE.