15, PARANA CLOSE, NORWICH, NR7 8BQ - £250,000

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 PARANA CLOSE is a very small extended detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £277,681. It was last sold for £250,000 in August 2021, which was around 34% below the average August 2021 detached price in the Broadland local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

15 PARANA CLOSE Sold Prices

Land registry data shows two sales for 15 PARANA 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 PARANA 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
2021 20 AUG	£250,000	£381,324	34% below HPI
2003 15 DEC	£119,500	£195,924	39% below HPI

15 PARANA 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 PARANA CLOSE sales from December 2003 and August 2021 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 December 2003 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2021 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 15 PARANA CLOSE be worth now?

15 PARANA CLOSE might now be worth an estimated £277,681.

This is based on house price inflation of 11.1%, between August 2021 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 11.1% inflationary increase is applied to the most recent sale price for 15 PARANA CLOSE of £250,000 on 20th August 2021. For the value to have increased from £250,000 to £277,681 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 15 PARANA CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The August 2021 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PARANA CLOSE has not materially changed since August 2021.

How Large is 15 PARANA CLOSE?

15 PARANA CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in April 2021. 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 PARANA CLOSE lies on this distribution: 20% of detached houses houses are smaller than 15 PARANA CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Norwich.

15 PARANA CLOSE: Plot and Title Map

15 PARANA CLOSE sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 15 PARANA 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 PARANA 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 PARANA CLOSE?

15 PARANA CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 15 on PARANA CLOSE.