15, FAIRVIEW CLOSE, DRAYTON, NORWICH, NR8 6RT - £320,000

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.

15 FAIRVIEW CLOSE is a very small detached house of 84m², built sometime between 1976 and 1982, which could now be worth an estimated £330,828. It was last sold for £320,000 in March 2022, which was around 22% below the average March 2022 detached price in the Broadland local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

15 FAIRVIEW CLOSE Sold Prices

Land registry data shows two sales for 15 FAIRVIEW 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 Broadland local authority area for the corresponding sale date. Both of the two 15 FAIRVIEW 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
2022 30 MAR	£320,000	£409,683	22% below HPI
2012 19 JAN	£170,500	£237,117	28% below HPI

15 FAIRVIEW 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 two 15 FAIRVIEW CLOSE sales from January 2012 and March 2022 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 2012 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2022 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 15 FAIRVIEW CLOSE be worth now?

15 FAIRVIEW CLOSE might now be worth an estimated £330,828.

This is based on house price inflation of 3.4%, between March 2022 and February 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 3.4% inflationary increase is applied to the most recent sale price for 15 FAIRVIEW CLOSE of £320,000 on 30th March 2022. For the value to have increased from £320,000 to £330,828 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 15 FAIRVIEW CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The March 2022 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 15 FAIRVIEW CLOSE has not materially changed since March 2022.

How Large is 15 FAIRVIEW CLOSE?

15 FAIRVIEW CLOSE is 84m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses houses in Drayton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Drayton, and where 15 FAIRVIEW CLOSE lies on this distribution: 13% of detached houses houses are smaller than 15 FAIRVIEW CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Drayton.

15 FAIRVIEW CLOSE: Plot and Title Map

15 FAIRVIEW CLOSE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 15 FAIRVIEW 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 15 FAIRVIEW 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 15 FAIRVIEW CLOSE?

15 FAIRVIEW CLOSE is located in DRAYTON, in the NR8 postcode district. The below map shows the position of No. 15 on FAIRVIEW CLOSE.