15, GURNEY CLOSE, NORWICH, NR5 0HB - £360,000

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 GURNEY CLOSE is a very small detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £437,666. It was last sold for £360,000 in July 2020, which was around 1% below the average July 2020 detached price in the South Norfolk local authority area. The most recent EPC inspection was December 2013, where the current energy rating was E, and the potential energy rating was B.

15 GURNEY CLOSE Sold Prices

Land registry data shows two sales for 15 GURNEY 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 15 GURNEY 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
2020 24 JUL	£360,000	£361,998	1% below HPI
2013 23 AUG	£162,000	£250,496	35% below HPI

15 GURNEY 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 15 GURNEY CLOSE sales from August 2013 and July 2020 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 2013 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2020 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 15 GURNEY CLOSE be worth now?

15 GURNEY CLOSE might now be worth an estimated £437,666.

This is based on house price inflation of 21.6%, between July 2020 and February 2025, 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 21.6% inflationary increase is applied to the most recent sale price for 15 GURNEY CLOSE of £360,000 on 24th July 2020. For the value to have increased from £360,000 to £437,666 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 15 GURNEY CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2020 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GURNEY CLOSE has not materially changed since July 2020.

How Large is 15 GURNEY CLOSE?

15 GURNEY CLOSE is 72m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 20% 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 15 GURNEY CLOSE lies on this distribution: 11% of detached houses houses are smaller than 15 GURNEY CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Norwich.

15 GURNEY CLOSE: Plot and Title Map

15 GURNEY CLOSE sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 15 GURNEY 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 GURNEY 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 GURNEY CLOSE?

15 GURNEY CLOSE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 15 on GURNEY CLOSE.