1A, THE CLOSE, NORTH WALSHAM, NR28 9HS - £320,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1A THE CLOSE is a large detached house of 123m², built sometime between 1983 and 1990, which could now be worth an estimated £380,035. It was last sold for £320,000 in September 2019, which was around 10% below the average September 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

1A THE CLOSE Sold Prices

Land registry data shows three sales for 1A THE 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 North Norfolk local authority area for the corresponding sale date. All of the three 1A THE 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 12 SEP	£320,000	£354,396	10% below HPI
2019 16 AUG	£323,000	£350,367	8% below HPI
2006 18 DEC	£237,950	£240,297	1% below HPI

1A THE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 1A THE CLOSE sales between December 2006 and September 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 August 2019 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2019 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 1A THE CLOSE be worth now?

1A THE CLOSE might now be worth an estimated £380,035.

This is based on house price inflation of 18.8%, between September 2019 and December 2024, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.8% inflationary increase is applied to the most recent sale price for 1A THE CLOSE of £320,000 on 12th September 2019. For the value to have increased from £320,000 to £380,035 over the four years and nine months to December 2024, the following assumptions must hold true:

• The value of 1A THE CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The September 2019 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 1A THE CLOSE has not materially changed since September 2019.

How Large is 1A THE CLOSE?

1A THE CLOSE is 123m² according to the EPC inspection conducted in February 2019. This puts it in the largest 30% of detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 1A THE CLOSE lies on this distribution: 76% of detached houses houses are smaller than 1A THE CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

1A THE CLOSE: Plot and Title Map

1A THE CLOSE sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of 1A THE 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 THE 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 THE CLOSE?

1A THE CLOSE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 1A on THE CLOSE.