2, BARN OWL CLOSE, REEDHAM, NORWICH, NR13 3FF - £505,000

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 BARN OWL CLOSE is a very large detached house of 184m², which could now be worth an estimated £589,633. It was last sold for £505,000 in September 2020, which was around 39% above the average September 2020 detached price in the Broadland local authority area. The most recent EPC inspection was May 2020, where the current energy rating was B, and the potential energy rating was A.

2 BARN OWL CLOSE Sold Prices

Land registry data shows two sales for 2 BARN OWL 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 Broadland local authority area for the corresponding sale date. Both of the two 2 BARN OWL 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
2020 4 SEP	£505,000	£362,752	39% above HPI
2016 23 NOV	£485,000	£322,110	51% above HPI

2 BARN OWL 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 two 2 BARN OWL CLOSE sales from November 2016 and September 2020 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 2016 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the September 2020 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 2 BARN OWL CLOSE be worth now?

2 BARN OWL CLOSE might now be worth an estimated £589,633.

This is based on house price inflation of 16.8%, between September 2020 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.8% inflationary increase is applied to the most recent sale price for 2 BARN OWL CLOSE of £505,000 on 4th September 2020. For the value to have increased from £505,000 to £589,633 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 BARN OWL CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The September 2020 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BARN OWL CLOSE has not materially changed since September 2020.

How Large is 2 BARN OWL CLOSE?

2 BARN OWL CLOSE is 184m² according to the EPC inspection conducted in May 2020. This puts it in the largest 20% of detached houses houses in Reedham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reedham, and where 2 BARN OWL CLOSE lies on this distribution: 84% of detached houses houses are smaller than 2 BARN OWL CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Reedham.

2 BARN OWL CLOSE: Plot and Title Map

2 BARN OWL CLOSE sits on a plot of roughly 0.173 of an acre, or 701m². The below map shows the location of 2 BARN OWL 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 BARN OWL 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 BARN OWL CLOSE?

2 BARN OWL CLOSE is located in REEDHAM, in the NR13 postcode district. The below map shows the position of No. 2 on BARN OWL CLOSE.