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

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 CORNWALL CLOSE is a small detached house of 89m², built sometime between 1996 and 2002, which could now be worth an estimated £387,502. It was last sold for £248,999 in October 2014, which was around 9% 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	£272,160	9% below HPI
2006 1 DEC	£197,500	£246,582	20% below HPI
2001 30 NOV	£102,950	£143,412	28% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2014 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 CORNWALL CLOSE be worth now?

2 CORNWALL CLOSE might now be worth an estimated £387,502.

This is based on house price inflation of 55.6%, between October 2014 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 55.6% inflationary increase is applied to the most recent sale price for 2 CORNWALL CLOSE of £248,999 on 16th October 2014. For the value to have increased from £248,999 to £387,502 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 CORNWALL CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The October 2014 sale price of £248,999 represented a fair market value for the property.
• The size, condition, and specification of 2 CORNWALL CLOSE has not materially changed since October 2014.

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 houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rackheath, and where 2 CORNWALL CLOSE lies on this distribution: 24% of detached houses 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.