12, GIBBS CLOSE, LITTLE MELTON, NORWICH, NR9 3NU - £315,000

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

12 GIBBS CLOSE is a midsized detached house of 129m², built sometime between 1996 and 2002. It was last sold for £315,000 in January 2014, which was around 24% above the average January 2014 detached price in the South Norfolk local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

12 GIBBS CLOSE Sold Prices

Land registry data shows two sales for 12 GIBBS 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 South Norfolk local authority area for the corresponding sale date. Both of the two 12 GIBBS CLOSE sales were for above 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 21 JAN	£315,000	£254,988	24% above HPI
2000 30 JUN	£158,000	£111,772	41% above HPI

12 GIBBS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 12 GIBBS CLOSE sales from June 2000 and January 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 June 2000 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the January 2014 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 12 GIBBS CLOSE?

12 GIBBS CLOSE is 129m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 50% of detached houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Little Melton, and where 12 GIBBS CLOSE lies on this distribution: 48% of detached houses are smaller than 12 GIBBS CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Little Melton.

12 GIBBS CLOSE: Plot and Title Map

12 GIBBS CLOSE sits on a plot of roughly 0.135 of an acre, or 546m². The below map shows the location of 12 GIBBS 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 12 GIBBS 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 12 GIBBS CLOSE?

12 GIBBS CLOSE is located in LITTLE MELTON, in the NR9 postcode district. The below map shows the position of No. 12 on GIBBS CLOSE.