16, LAUD CLOSE, NORWICH, NR7 0TN - £252,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 LAUD CLOSE is a very small detached house of 71m², built sometime between 1983 and 1990. It was last sold for £252,500 in March 2021, which was around 30% below the average March 2021 detached price in the Broadland local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

16 LAUD CLOSE Sold Prices

Land registry data shows four sales for 16 LAUD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 16 LAUD 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 24 MAR	£252,500	£360,070	30% below HPI
2005 28 FEB	£162,000	£216,566	25% below HPI
2001 21 DEC	£108,000	£141,343	24% below HPI
1999 28 JUL	£72,250	£91,667	21% below HPI

16 LAUD 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 four 16 LAUD CLOSE sales between July 1999 and March 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 February 2005 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 16 LAUD CLOSE?

16 LAUD CLOSE is 71m² according to the EPC inspection conducted in September 2020. 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 16 LAUD CLOSE lies on this distribution: 10% of detached houses are smaller than 16 LAUD CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Norwich.

16 LAUD CLOSE: Plot and Title Map

16 LAUD CLOSE sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 16 LAUD 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 LAUD 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 LAUD CLOSE?

16 LAUD CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 16 on LAUD CLOSE.