12, STAN PETERSEN CLOSE, NORWICH, NR1 4QJ - £480,000

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 STAN PETERSEN CLOSE is a large extended detached house of 146m², built sometime between 1996 and 2002, which could now be worth an estimated £557,223. It was last sold for £480,000 in April 2019, which was around 20% above the average April 2019 detached price in the Norwich local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

12 STAN PETERSEN CLOSE Sold Prices

Land registry data shows two sales for 12 STAN PETERSEN 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 STAN PETERSEN 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
2019 5 APR	£480,000	£399,687	20% above HPI
1999 20 AUG	£187,500	£103,334	81% above HPI

12 STAN PETERSEN 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 STAN PETERSEN CLOSE sales from August 1999 and April 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 August 1999 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the April 2019 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 12 STAN PETERSEN CLOSE be worth now?

12 STAN PETERSEN CLOSE might now be worth an estimated £557,223.

This is based on house price inflation of 16.1%, between April 2019 and December 2024, 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 16.1% inflationary increase is applied to the most recent sale price for 12 STAN PETERSEN CLOSE of £480,000 on 5th April 2019. For the value to have increased from £480,000 to £557,223 over the four years and four months to December 2024, the following assumptions must hold true:

• The value of 12 STAN PETERSEN CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The April 2019 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 12 STAN PETERSEN CLOSE has not materially changed since April 2019.

How Large is 12 STAN PETERSEN CLOSE?

12 STAN PETERSEN CLOSE is 146m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 30% 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 STAN PETERSEN CLOSE lies on this distribution: 79% of detached houses houses are smaller than 12 STAN PETERSEN CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Norwich.

12 STAN PETERSEN CLOSE: Plot and Title Map

12 STAN PETERSEN CLOSE sits on a plot of roughly 0.223 of an acre, or 904m². The below map shows the location of 12 STAN PETERSEN 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 STAN PETERSEN 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 STAN PETERSEN CLOSE?

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