16, OAKFIELDS CLOSE, NORWICH, NR4 6XH - £466,000

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 OAKFIELDS CLOSE is a small extended detached house of 122m², built sometime between 1967 and 1975, which could now be worth an estimated £468,942. It was last sold for £466,000 in September 2022, which was around 7% above the average September 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

16 OAKFIELDS CLOSE Sold Prices

Land registry data shows two sales for 16 OAKFIELDS 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. One of the two 16 OAKFIELDS CLOSE sales was for above the average price, whilst the other was 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 7 SEP	£466,000	£437,334	7% above HPI
2016 12 DEC	£315,000	£324,738	3% below HPI

16 OAKFIELDS 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 OAKFIELDS CLOSE sales from December 2016 and September 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 December 2016 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2022 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 16 OAKFIELDS CLOSE be worth now?

16 OAKFIELDS CLOSE might now be worth an estimated £468,942.

This is based on house price inflation of 0.6%, between September 2022 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 0.6% inflationary increase is applied to the most recent sale price for 16 OAKFIELDS CLOSE of £466,000 on 7th September 2022. For the value to have increased from £466,000 to £468,942 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 OAKFIELDS CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The September 2022 sale price of £466,000 represented a fair market value for the property.
• The size, condition, and specification of 16 OAKFIELDS CLOSE has not materially changed since September 2022.

How Large is 16 OAKFIELDS CLOSE?

16 OAKFIELDS CLOSE is 122m², which includes three extensions, according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% of detached houses houses in Cringleford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cringleford, and where 16 OAKFIELDS CLOSE lies on this distribution: 36% of detached houses houses are smaller than 16 OAKFIELDS CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Cringleford.

16 OAKFIELDS CLOSE: Plot and Title Map

16 OAKFIELDS CLOSE sits on a plot of roughly 0.203 of an acre, or 820m². The below map shows the location of 16 OAKFIELDS 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 OAKFIELDS 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 OAKFIELDS CLOSE?

16 OAKFIELDS CLOSE is located in NORWICH, in the NR4 postcode district. The below map shows the position of No. 16 on OAKFIELDS CLOSE.