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

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.

16 GIBBS CLOSE is a small detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £444,239. It was last sold for £380,000 in November 2020, which was around 1% 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	£376,455	1% above HPI
2000 30 JUN	£123,750	£115,275	7% 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 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the November 2020 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 16 GIBBS CLOSE be worth now?

16 GIBBS CLOSE might now be worth an estimated £444,239.

This is based on house price inflation of 16.9%, between November 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 16.9% inflationary increase is applied to the most recent sale price for 16 GIBBS CLOSE of £380,000 on 23rd November 2020. For the value to have increased from £380,000 to £444,239 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 16 GIBBS CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The November 2020 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GIBBS CLOSE has not materially changed since November 2020.

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 houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Little Melton, and where 16 GIBBS CLOSE lies on this distribution: 35% of detached houses houses are smaller than 16 GIBBS CLOSE, and 65% 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.