2, CORNWALL CLOSE, RACKHEATH, NORWICH, NR13 6SU - £248,999

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

2 CORNWALL CLOSE is a small detached house of 89m², built sometime between 1996 and 2002. It was last sold for £248,999 in October 2014, which was around 8% below the average October 2014 detached price in the Broadland local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

2 CORNWALL CLOSE Sold Prices

Land registry data shows three sales for 2 CORNWALL 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 2 CORNWALL 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
2014 16 OCT	£248,999	£269,459	8% below HPI
2006 1 DEC	£197,500	£244,135	19% below HPI
2001 30 NOV	£102,950	£141,989	27% below HPI

2 CORNWALL 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 2 CORNWALL CLOSE sales between November 2001 and October 2014 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 December 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2014 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 2 CORNWALL CLOSE?

2 CORNWALL CLOSE is 89m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 30% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where 2 CORNWALL CLOSE lies on this distribution: 24% of detached houses are smaller than 2 CORNWALL CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

2 CORNWALL CLOSE: Plot and Title Map

2 CORNWALL CLOSE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 2 CORNWALL 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 CORNWALL 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 CORNWALL CLOSE?

2 CORNWALL CLOSE is located in RACKHEATH, in the NR13 postcode district. The below map shows the position of No. 2 on CORNWALL CLOSE.