16, SUMMER CLOSE, FRAMINGHAM EARL, NORWICH, NR14 7TN - £350,000

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 SUMMER CLOSE is a midsized detached house of 106m², which could now be worth an estimated £434,018. It was last sold for £350,000 in February 2019, which was around 1% below the average February 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was C.

16 SUMMER CLOSE Sold Prices

Land registry data shows two sales for 16 SUMMER 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 SUMMER CLOSE sales was for below the average price, whilst the other was 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
2019 6 FEB	£350,000	£354,901	1% below HPI
2012 7 SEP	£260,000	£243,958	7% above HPI

16 SUMMER 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 SUMMER CLOSE sales from September 2012 and February 2019 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 September 2012 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the February 2019 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 16 SUMMER CLOSE be worth now?

16 SUMMER CLOSE might now be worth an estimated £434,018.

This is based on house price inflation of 24%, between February 2019 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 24% inflationary increase is applied to the most recent sale price for 16 SUMMER CLOSE of £350,000 on 6th February 2019. For the value to have increased from £350,000 to £434,018 over the six years to February 2025, the following assumptions must hold true:

• The value of 16 SUMMER CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The February 2019 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SUMMER CLOSE has not materially changed since February 2019.

How Large is 16 SUMMER CLOSE?

16 SUMMER CLOSE is 106m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 50% of detached houses houses in Framingham Earl, based on EPC data. The below chart shows the distribution of detached houses houses by size in Framingham Earl, and where 16 SUMMER CLOSE lies on this distribution: 41% of detached houses houses are smaller than 16 SUMMER CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Framingham Earl.

16 SUMMER CLOSE: Plot and Title Map

16 SUMMER CLOSE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 16 SUMMER 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 SUMMER 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 SUMMER CLOSE?

16 SUMMER CLOSE is located in FRAMINGHAM EARL, in the NR14 postcode district. The below map shows the position of No. 16 on SUMMER CLOSE.