16, WREN CLOSE, NORWICH, NR4 7NR - £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 WREN CLOSE is a very small detached house of 58m², built sometime between 1950 and 1966, which could now be worth an estimated £333,060. It was last sold for £350,000 in October 2022, which was around 28% below the average October 2022 detached price in the Norwich local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

16 WREN CLOSE Sold Prices

Land registry data shows two sales for 16 WREN 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 Norwich local authority area for the corresponding sale date. Both of the two 16 WREN 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
2022 13 OCT	£350,000	£485,581	28% below HPI
2004 28 MAY	£146,500	£228,825	36% below HPI

16 WREN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 16 WREN CLOSE sales from May 2004 and October 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 May 2004 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 16 WREN CLOSE be worth now?

16 WREN CLOSE might now be worth an estimated £333,060.

This is based on house price deflation of 4.8%, between October 2022 and February 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.8% deflationary decrease is applied to the most recent sale price for 16 WREN CLOSE of £350,000 on 13th October 2022. For the value to have decreased from £350,000 to £333,060 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 WREN CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The October 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 16 WREN CLOSE has not materially changed since October 2022.

How Large is 16 WREN CLOSE?

16 WREN CLOSE is 58m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 16 WREN CLOSE lies on this distribution: 3% of detached houses houses are smaller than 16 WREN CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Norwich.

16 WREN CLOSE: Plot and Title Map

16 WREN CLOSE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 16 WREN 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 WREN 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 WREN CLOSE?

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