16, NEWARK CLOSE, NORWICH, NR7 0YJ - £126,000

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 NEWARK CLOSE is a very large extended detached house of 169m², built sometime between 1991 and 1995. It was last sold for £126,000 in July 1999, which was around 37% above the average July 1999 detached price in the Broadland local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

16 NEWARK CLOSE Sold Prices

Land registry data shows two sales for 16 NEWARK 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 16 NEWARK 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
1999 22 JUL	£126,000	£91,667	37% above HPI
1995 12 OCT	£120,000	£74,677	61% above HPI

16 NEWARK 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 16 NEWARK CLOSE sales from October 1995 and July 1999 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 1995 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the July 1999 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is 16 NEWARK CLOSE?

16 NEWARK CLOSE is 169m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 20% 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 NEWARK CLOSE lies on this distribution: 89% of detached houses are smaller than 16 NEWARK CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Norwich.

16 NEWARK CLOSE: Plot and Title Map

16 NEWARK CLOSE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 16 NEWARK 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 NEWARK 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 NEWARK CLOSE?

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