12, KNIPE CLOSE, TACOLNESTON, NORWICH, NR16 1BX - £146,250

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 KNIPE CLOSE is a very small detached house of 56m², built sometime between 1967 and 1975, which could now be worth an estimated £208,619. It was last sold for £146,250 in January 2016, which was around 52% below the average January 2016 detached price in the South Norfolk local authority area. The most recent EPC inspection was October 2015, where the current energy rating was F, and the potential energy rating was A.

12 KNIPE CLOSE Sold Prices

Land registry data shows three sales for 12 KNIPE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the three 12 KNIPE 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
2016 4 JAN	£146,250	£302,413	52% below HPI
2007 13 APR	£152,500	£257,858	41% below HPI
1996 22 NOV	£36,250	£78,274	54% below HPI

12 KNIPE 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 three 12 KNIPE CLOSE sales between November 1996 and January 2016 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 April 2007 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the January 2016 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 12 KNIPE CLOSE be worth now?

12 KNIPE CLOSE might now be worth an estimated £208,619.

This is based on house price inflation of 42.6%, between January 2016 and December 2024, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.6% inflationary increase is applied to the most recent sale price for 12 KNIPE CLOSE of £146,250 on 4th January 2016. For the value to have increased from £146,250 to £208,619 over the seven years and one month to December 2024, the following assumptions must hold true:

• The value of 12 KNIPE CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The January 2016 sale price of £146,250 represented a fair market value for the property.
• The size, condition, and specification of 12 KNIPE CLOSE has not materially changed since January 2016.

How Large is 12 KNIPE CLOSE?

12 KNIPE CLOSE is 56m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% of detached houses houses in Tacolneston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tacolneston, and where 12 KNIPE CLOSE lies on this distribution: 3% of detached houses houses are smaller than 12 KNIPE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Tacolneston.

12 KNIPE CLOSE: Plot and Title Map

12 KNIPE CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 12 KNIPE 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 KNIPE 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 KNIPE CLOSE?

12 KNIPE CLOSE is located in TACOLNESTON, in the NR16 postcode district. The below map shows the position of No. 12 on KNIPE CLOSE.