1A, MARGARET CLOSE, NORWICH, NR6 5BS - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1A MARGARET CLOSE is a very small detached house of 65m², built sometime between 1967 and 1975. It was last sold for £325,000 in December 2021, which was around 17% below the average December 2021 detached price in the Broadland local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

1A MARGARET CLOSE Sold Prices

Land registry data shows four sales for 1A MARGARET CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 1A MARGARET 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 DEC	£325,000	£391,591	17% below HPI
2020 13 MAR	£220,000	£342,806	36% below HPI
2017 17 AUG	£207,500	£334,267	38% below HPI
2000 19 JUL	£89,000	£110,851	20% below HPI

1A MARGARET 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 four 1A MARGARET CLOSE sales between July 2000 and December 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 March 2020 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the December 2021 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 1A MARGARET CLOSE?

1A MARGARET CLOSE is 65m² according to the EPC inspection conducted in March 2017. 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 1A MARGARET CLOSE lies on this distribution: 5% of detached houses are smaller than 1A MARGARET CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1A MARGARET CLOSE: Plot and Title Map

1A MARGARET CLOSE sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 1A MARGARET 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 1A MARGARET 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 1A MARGARET CLOSE?

1A MARGARET CLOSE is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 1A on MARGARET CLOSE.