2, ELM CLOSE, LINGWOOD, NORWICH, NR13 4TQ - £220,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 ELM CLOSE is a small extended detached house of 86m², built sometime between 1950 and 1966, which could now be worth an estimated £331,245. It was last sold for £220,000 in July 2015, which was around 22% below the average July 2015 detached price in the Broadland local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

2 ELM CLOSE Sold Prices

Land registry data shows two sales for 2 ELM 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 ELM 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
2015 3 JUL	£220,000	£281,303	22% below HPI
2007 25 MAY	£173,000	£251,267	31% below HPI

2 ELM 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 ELM CLOSE sales from May 2007 and July 2015 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 May 2007 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2015 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 ELM CLOSE be worth now?

2 ELM CLOSE might now be worth an estimated £331,245.

This is based on house price inflation of 50.6%, between July 2015 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 50.6% inflationary increase is applied to the most recent sale price for 2 ELM CLOSE of £220,000 on 3rd July 2015. For the value to have increased from £220,000 to £331,245 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of 2 ELM CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The July 2015 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELM CLOSE has not materially changed since July 2015.

How Large is 2 ELM CLOSE?

2 ELM CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 40% of detached houses houses in Lingwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lingwood, and where 2 ELM CLOSE lies on this distribution: 33% of detached houses houses are smaller than 2 ELM CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Lingwood.

2 ELM CLOSE: Plot and Title Map

2 ELM CLOSE sits on a plot of roughly 0.145 of an acre, or 586m². The below map shows the location of 2 ELM 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 ELM 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 ELM CLOSE?

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