2, BAILEY CLOSE, MARTHAM, GREAT YARMOUTH, NR29 4UD - £435,000

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.

2 BAILEY CLOSE is a very large extended detached house of 192m², built sometime between 1991 and 1995, which could now be worth an estimated £423,962. It was last sold for £435,000 in February 2023, which was around 31% above the average February 2023 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

2 BAILEY CLOSE Sold Prices

Land registry data shows four sales for 2 BAILEY 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 Great Yarmouth local authority area for the corresponding sale date. All of the four 2 BAILEY CLOSE sales were 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
2023 13 FEB	£435,000	£333,021	31% above HPI
2010 12 NOV	£220,000	£190,167	16% above HPI
2003 3 JUN	£185,000	£149,808	23% above HPI
1999 29 APR	£94,500	£70,197	35% above HPI

2 BAILEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The four 2 BAILEY CLOSE sales between April 1999 and February 2023 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 November 2010 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the February 2023 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 2 BAILEY CLOSE be worth now?

2 BAILEY CLOSE might now be worth an estimated £423,962.

This is based on house price deflation of 2.5%, between February 2023 and February 2025, for detached houses, in the Great Yarmouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.5% deflationary decrease is applied to the most recent sale price for 2 BAILEY CLOSE of £435,000 on 13th February 2023. For the value to have decreased from £435,000 to £423,962 over the two years to February 2025, the following assumptions must hold true:

• The value of 2 BAILEY CLOSE has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The February 2023 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BAILEY CLOSE has not materially changed since February 2023.

How Large is 2 BAILEY CLOSE?

2 BAILEY CLOSE is 192m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the largest 10% of detached houses houses in Martham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martham, and where 2 BAILEY CLOSE lies on this distribution: 96% of detached houses houses are smaller than 2 BAILEY CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Martham.

2 BAILEY CLOSE: Plot and Title Map

2 BAILEY CLOSE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 2 BAILEY 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 2 BAILEY 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 2 BAILEY CLOSE?

2 BAILEY CLOSE is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 2 on BAILEY CLOSE.