12, GRAVELFIELD CLOSE, NORWICH, NR1 4NH - £155,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 GRAVELFIELD CLOSE is a very small extended detached house of 62m², built sometime between 1976 and 1982, which could now be worth an estimated £252,199. It was last sold for £155,000 in September 2013, which was around 45% below the average September 2013 detached price in the Norwich local authority area. The most recent EPC inspection was March 2023, where the current energy rating was B, and the potential energy rating was A.

12 GRAVELFIELD CLOSE Sold Prices

Land registry data shows two sales for 12 GRAVELFIELD 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 12 GRAVELFIELD 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
2013 9 SEP	£155,000	£283,991	45% below HPI
1995 9 JAN	£28,405	£72,353	61% below HPI

12 GRAVELFIELD 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 12 GRAVELFIELD CLOSE sales from January 1995 and September 2013 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 January 1995 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the September 2013 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 12 GRAVELFIELD CLOSE be worth now?

12 GRAVELFIELD CLOSE might now be worth an estimated £252,199.

This is based on house price inflation of 62.7%, between September 2013 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 62.7% inflationary increase is applied to the most recent sale price for 12 GRAVELFIELD CLOSE of £155,000 on 9th September 2013. For the value to have increased from £155,000 to £252,199 over the twelve years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 GRAVELFIELD CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The September 2013 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 12 GRAVELFIELD CLOSE has not materially changed since September 2013.

How Large is 12 GRAVELFIELD CLOSE?

12 GRAVELFIELD CLOSE is 62m², which includes one extension, according to the EPC inspection conducted in March 2023. 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 12 GRAVELFIELD CLOSE lies on this distribution: 4% of detached houses houses are smaller than 12 GRAVELFIELD CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Norwich.

12 GRAVELFIELD CLOSE: Plot and Title Map

12 GRAVELFIELD CLOSE sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 12 GRAVELFIELD 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 GRAVELFIELD 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 GRAVELFIELD CLOSE?

12 GRAVELFIELD CLOSE is located in NORWICH, in the NR1 postcode district. The below map shows the position of No. 12 on GRAVELFIELD CLOSE.