16, GIBBS CLOSE, LITTLE MELTON, NORWICH, NR9 3NU - £380,000

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

16 GIBBS CLOSE is a small detached house of 113m², built sometime between 1996 and 2002. It was last sold for £380,000 in November 2020, which was around 4% above the average November 2020 detached price in the South Norfolk local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was C.

16 GIBBS CLOSE Sold Prices

Land registry data shows two sales for 16 GIBBS 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 16 GIBBS 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
2020 23 NOV	£380,000	£365,016	4% above HPI
2000 30 JUN	£123,750	£111,772	11% above HPI

16 GIBBS 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 16 GIBBS CLOSE sales from June 2000 and November 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 June 2000 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2020 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 16 GIBBS CLOSE?

16 GIBBS CLOSE is 113m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 40% of detached houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Little Melton, and where 16 GIBBS CLOSE lies on this distribution: 34% of detached houses are smaller than 16 GIBBS CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Little Melton.

16 GIBBS CLOSE: Plot and Title Map

16 GIBBS CLOSE sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 16 GIBBS 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 16 GIBBS 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 16 GIBBS CLOSE?

16 GIBBS CLOSE is located in LITTLE MELTON, in the NR9 postcode district. The below map shows the position of No. 16 on GIBBS CLOSE.