11, LAYER CLOSE, NORWICH, NR5 9NS - £264,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

11 LAYER CLOSE is a small extended detached house of 85m², built sometime between 1983 and 1990. It was last sold for £264,500 in June 2021, which was around 35% below the average June 2021 detached price in the Norwich local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

11 LAYER CLOSE Sold Prices

Land registry data shows five sales for 11 LAYER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. All of the five 11 LAYER 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
2021 2 JUN	£264,500	£405,159	35% below HPI
2018 12 MAR	£252,000	£368,010	32% below HPI
2016 27 JAN	£210,000	£332,202	37% below HPI
1999 2 JUL	£68,000	£97,053	30% below HPI
1997 9 MAY	£60,000	£79,964	25% below HPI

11 LAYER 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 five 11 LAYER CLOSE sales between May 1997 and June 2021 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 March 2018 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2021 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 11 LAYER CLOSE?

11 LAYER CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the smallest 30% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 11 LAYER CLOSE lies on this distribution: 23% of detached houses are smaller than 11 LAYER CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Norwich.

11 LAYER CLOSE: Plot and Title Map

11 LAYER CLOSE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 11 LAYER 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 11 LAYER 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 11 LAYER CLOSE?

11 LAYER CLOSE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 11 on LAYER CLOSE.