2, ELM CLOSE, MULBARTON, NORWICH, NR14 8AU - £229,000

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 very small extended semi-detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £289,406. It was last sold for £229,000 in May 2019, which was around 4% above the average May 2019 semi-detached price in the South Norfolk local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

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 semi-detached price in the South Norfolk local authority area for the corresponding sale date. One of the two 2 ELM CLOSE sales was for above the average price, whilst the other was 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
2019 10 MAY	£229,000	£220,391	4% above HPI
2007 12 OCT	£159,000	£174,399	9% below HPI

2 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 2 ELM CLOSE sales from October 2007 and May 2019 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 October 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the May 2019 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 2 ELM CLOSE be worth now?

2 ELM CLOSE might now be worth an estimated £289,406.

This is based on house price inflation of 26.4%, between May 2019 and December 2024, for semi-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 26.4% inflationary increase is applied to the most recent sale price for 2 ELM CLOSE of £229,000 on 10th May 2019. For the value to have increased from £229,000 to £289,406 over the four years and five months to December 2024, the following assumptions must hold true:

• The value of 2 ELM CLOSE has moved in line with the HPI for semi-detached houses in the South Norfolk local authority area.
• The May 2019 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELM CLOSE has not materially changed since May 2019.

How Large is 2 ELM CLOSE?

2 ELM CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% of semi-detached houses houses in Mulbarton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Mulbarton, and where 2 ELM CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 2 ELM CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Mulbarton.

2 ELM CLOSE: Plot and Title Map

2 ELM CLOSE sits on a plot of roughly 0.067 of an acre, or 273m². 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 MULBARTON, in the NR14 postcode district. The below map shows the position of No. 2 on ELM CLOSE.