2, ELM CLOSE, LITTLE MELTON, NORWICH, NR9 3QY - £365,000

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 ELM CLOSE is a large detached house of 167m², built sometime between 1991 and 1995, which could now be worth an estimated £543,035. It was last sold for £365,000 in September 2015, which was around 23% above the average September 2015 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

2 ELM CLOSE Sold Prices

Land registry data shows three sales for 2 ELM 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 South Norfolk local authority area for the corresponding sale date. All of the three 2 ELM 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
2015 14 SEP	£365,000	£295,809	23% above HPI
2002 16 AUG	£249,950	£170,564	47% above HPI
1998 27 JUL	£134,000	£86,980	54% above HPI

2 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three 2 ELM CLOSE sales between July 1998 and September 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 August 2002 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the September 2015 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 2 ELM CLOSE be worth now?

2 ELM CLOSE might now be worth an estimated £543,035.

This is based on house price inflation of 48.8%, between September 2015 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.8% inflationary increase is applied to the most recent sale price for 2 ELM CLOSE of £365,000 on 14th September 2015. For the value to have increased from £365,000 to £543,035 over the ten years and seven 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 South Norfolk local authority area.
• The September 2015 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELM CLOSE has not materially changed since September 2015.

How Large is 2 ELM CLOSE?

2 ELM CLOSE is 167m² according to the EPC inspection conducted in June 2022. This puts it in the largest 30% of detached houses houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Little Melton, and where 2 ELM CLOSE lies on this distribution: 77% of detached houses houses are smaller than 2 ELM CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Little Melton.

2 ELM CLOSE: Plot and Title Map

2 ELM CLOSE sits on a plot of roughly 0.149 of an acre, or 604m². 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 LITTLE MELTON, in the NR9 postcode district. The below map shows the position of No. 2 on ELM CLOSE.