2, DRAKE CLOSE, STALHAM, NORWICH, NR12 9SF - £575,000

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 DRAKE CLOSE is a very large detached house of 174m². It was last sold for £575,000 in January 2023, which was around 33% above the average January 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2015, where the current energy rating was B, and the potential energy rating was B.

2 DRAKE CLOSE Sold Prices

Land registry data shows two sales for 2 DRAKE 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 North Norfolk local authority area for the corresponding sale date. Both of the two 2 DRAKE 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 12 JAN	£575,000	£432,712	33% above HPI
2015 13 JUL	£340,000	£281,901	21% above HPI

2 DRAKE 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 two 2 DRAKE CLOSE sales from July 2015 and January 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 July 2015 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the January 2023 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 2 DRAKE CLOSE?

2 DRAKE CLOSE is 174m² according to the EPC inspection conducted in March 2015. This puts it in the largest 10% of detached houses in Stalham, based on EPC data. The below chart shows the distribution of detached houses by size in Stalham, and where 2 DRAKE CLOSE lies on this distribution: 90% of detached houses are smaller than 2 DRAKE CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Stalham.

2 DRAKE CLOSE: Plot and Title Map

2 DRAKE CLOSE sits on a plot of roughly 0.205 of an acre, or 830m². The below map shows the location of 2 DRAKE 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 DRAKE 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 DRAKE CLOSE?

2 DRAKE CLOSE is located in STALHAM, in the NR12 postcode district. The below map shows the position of No. 2 on DRAKE CLOSE.