12, MEADOW CLOSE, NEW COSTESSEY, NORWICH, NR5 0ND - £281,000

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 MEADOW CLOSE is a very small extended detached house of 78m², built sometime between 1967 and 1975. It was last sold for £281,000 in September 2023, which was around 31% below the average September 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

12 MEADOW CLOSE Sold Prices

Land registry data shows two sales for 12 MEADOW 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 MEADOW 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
2023 7 SEP	£281,000	£407,545	31% below HPI
1997 16 SEP	£57,000	£78,704	28% below HPI

12 MEADOW 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 MEADOW CLOSE sales from September 1997 and September 2023 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 September 1997 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 12 MEADOW CLOSE?

12 MEADOW CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 12 MEADOW CLOSE lies on this distribution: 16% of detached houses are smaller than 12 MEADOW CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Norwich.

12 MEADOW CLOSE: Plot and Title Map

12 MEADOW CLOSE sits on a plot of roughly 0.126 of an acre, or 509m². The below map shows the location of 12 MEADOW 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 MEADOW 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 MEADOW CLOSE?

12 MEADOW CLOSE is located in NEW COSTESSEY, in the NR5 postcode district. The below map shows the position of No. 12 on MEADOW CLOSE.