16, OLD MARKET CLOSE, ACLE, NORWICH, NR13 3EY - £230,000

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 OLD MARKET CLOSE is a very small detached house of 74m², built sometime between 1991 and 1995. It was last sold for £230,000 in June 2021, which was around 36% below the average June 2021 detached price in the Broadland local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

16 OLD MARKET CLOSE Sold Prices

Land registry data shows two sales for 16 OLD MARKET 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 OLD MARKET 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 15 JUN	£230,000	£361,326	36% below HPI
1996 2 DEC	£63,000	£73,324	14% below HPI

16 OLD MARKET 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 OLD MARKET CLOSE sales from December 1996 and June 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 December 1996 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2021 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 16 OLD MARKET CLOSE?

16 OLD MARKET CLOSE is 74m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Acle, based on EPC data. The below chart shows the distribution of detached houses by size in Acle, and where 16 OLD MARKET CLOSE lies on this distribution: 13% of detached houses are smaller than 16 OLD MARKET CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Acle.

16 OLD MARKET CLOSE: Plot and Title Map

16 OLD MARKET CLOSE sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 16 OLD MARKET 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 OLD MARKET 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 OLD MARKET CLOSE?

16 OLD MARKET CLOSE is located in ACLE, in the NR13 postcode district. The below map shows the position of No. 16 on OLD MARKET CLOSE.