15, TIMOTHY CLOSE, NORWICH, NR1 4NG - £260,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 TIMOTHY CLOSE is a very small detached house of 54m², built sometime between 1967 and 1975. It was last sold for £260,000 in October 2022, which was around 45% below the average October 2022 detached price in the Norwich local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

15 TIMOTHY CLOSE Sold Prices

Land registry data shows three sales for 15 TIMOTHY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. All of the three 15 TIMOTHY 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 27 OCT	£260,000	£470,960	45% below HPI
2007 25 OCT	£169,000	£292,538	42% below HPI
2002 23 JUL	£104,000	£180,155	42% below HPI

15 TIMOTHY 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 three 15 TIMOTHY CLOSE sales between July 2002 and October 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 October 2007 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2022 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 15 TIMOTHY CLOSE?

15 TIMOTHY CLOSE is 54m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 15 TIMOTHY CLOSE lies on this distribution: 2% of detached houses are smaller than 15 TIMOTHY CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Norwich.

15 TIMOTHY CLOSE: Plot and Title Map

15 TIMOTHY CLOSE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 15 TIMOTHY 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 TIMOTHY 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 TIMOTHY CLOSE?

15 TIMOTHY CLOSE is located in NORWICH, in the NR1 postcode district. The below map shows the position of No. 15 on TIMOTHY CLOSE.