12, OLD MARKET CLOSE, ACLE, NORWICH, NR13 3EY - £272,000

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.

12 OLD MARKET CLOSE is a large detached house of 117m², built sometime between 1991 and 1995, which could now be worth an estimated £332,640. It was last sold for £272,000 in May 2019, which was around 20% below the average May 2019 detached price in the Broadland local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

12 OLD MARKET CLOSE Sold Prices

Land registry data shows six sales for 12 OLD MARKET CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. The six 12 OLD MARKET CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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
2019 17 MAY	£272,000	£341,966	20% below HPI
2011 1 APR	£227,950	£228,570	Close to HPI
2005 27 SEP	£219,950	£221,688	1% below HPI
2004 10 DEC	£218,500	£219,436	Close to HPI
2000 18 AUG	£110,000	£114,932	4% below HPI
1996 18 MAR	£83,950	£70,271	19% above HPI

12 OLD MARKET 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 six 12 OLD MARKET CLOSE sales between March 1996 and May 2019 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 2011 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2019 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 12 OLD MARKET CLOSE be worth now?

12 OLD MARKET CLOSE might now be worth an estimated £332,640.

This is based on house price inflation of 22.3%, between May 2019 and March 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 22.3% inflationary increase is applied to the most recent sale price for 12 OLD MARKET CLOSE of £272,000 on 17th May 2019. For the value to have increased from £272,000 to £332,640 over the six years and two months to March 2025, the following assumptions must hold true:

• The value of 12 OLD MARKET CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The May 2019 sale price of £272,000 represented a fair market value for the property.
• The size, condition, and specification of 12 OLD MARKET CLOSE has not materially changed since May 2019.

How Large is 12 OLD MARKET CLOSE?

12 OLD MARKET CLOSE is 117m² according to the EPC inspection conducted in March 2019. This puts it in the largest 40% of detached houses houses in Acle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Acle, and where 12 OLD MARKET CLOSE lies on this distribution: 65% of detached houses houses are smaller than 12 OLD MARKET CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Acle.

12 OLD MARKET CLOSE: Plot and Title Map

12 OLD MARKET CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 12 OLD MARKET 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 OLD MARKET 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 OLD MARKET CLOSE?

12 OLD MARKET CLOSE is located in ACLE, in the NR13 postcode district. The below map shows the position of No. 12 on OLD MARKET CLOSE.