11, MARTIN CLOSE, NORWICH, NR7 8PA - £352,500

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.

11 MARTIN CLOSE is a very small detached house of 64m², built sometime between 1950 and 1966, which could now be worth an estimated £346,754. It was last sold for £352,500 in November 2022, which was around 18% below the average November 2022 detached price in the Broadland local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

11 MARTIN CLOSE Sold Prices

Land registry data shows four sales for 11 MARTIN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 11 MARTIN 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
2022 4 NOV	£352,500	£430,565	18% below HPI
2020 8 DEC	£285,000	£359,812	21% below HPI
2004 21 MAY	£169,950	£201,755	16% below HPI
2003 22 AUG	£130,000	£196,218	34% below HPI

11 MARTIN 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 four 11 MARTIN CLOSE sales between August 2003 and November 2022 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 2020 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2022 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 11 MARTIN CLOSE be worth now?

11 MARTIN CLOSE might now be worth an estimated £346,754.

This is based on house price deflation of 1.6%, between November 2022 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 1.6% deflationary decrease is applied to the most recent sale price for 11 MARTIN CLOSE of £352,500 on 4th November 2022. For the value to have decreased from £352,500 to £346,754 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 11 MARTIN CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2022 sale price of £352,500 represented a fair market value for the property.
• The size, condition, and specification of 11 MARTIN CLOSE has not materially changed since November 2022.

How Large is 11 MARTIN CLOSE?

11 MARTIN CLOSE is 64m² according to the EPC inspection conducted in September 2020. 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 11 MARTIN CLOSE lies on this distribution: 5% of detached houses houses are smaller than 11 MARTIN CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Norwich.

11 MARTIN CLOSE: Plot and Title Map

11 MARTIN CLOSE sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 11 MARTIN 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 MARTIN 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 MARTIN CLOSE?

11 MARTIN CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 11 on MARTIN CLOSE.