18, LAUD CLOSE, NORWICH, NR7 0TN - £247,500

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

18 LAUD CLOSE is a very small detached house of 68m², built sometime between 1996 and 2002. It was last sold for £247,500 in May 2019, which was around 27% below the average May 2019 detached price in the Broadland local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

18 LAUD CLOSE Sold Prices

Land registry data shows three sales for 18 LAUD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 18 LAUD 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
2019 31 MAY	£247,500	£338,572	27% below HPI
2002 10 MAY	£60,000	£151,340	60% below HPI
1997 9 JAN	£65,000	£75,503	14% below HPI

18 LAUD 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 three 18 LAUD CLOSE sales between January 1997 and May 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 May 2002 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the May 2019 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 18 LAUD CLOSE?

18 LAUD CLOSE is 68m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 18 LAUD CLOSE lies on this distribution: 7% of detached houses are smaller than 18 LAUD CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Norwich.

18 LAUD CLOSE: Plot and Title Map

18 LAUD CLOSE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 18 LAUD 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 18 LAUD 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 18 LAUD CLOSE?

18 LAUD CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 18 on LAUD CLOSE.