2, FAIRMILE CLOSE, NORWICH, NR2 2NG - £790,000

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 FAIRMILE CLOSE is a very large extended detached house of 205m², built sometime between 1950 and 1966, which could now be worth an estimated £918,066. It was last sold for £790,000 in November 2018, which was around 99% above the average November 2018 detached price in the Norwich local authority area. The most recent EPC inspection was January 2012, where the current energy rating was E, and the potential energy rating was D.

2 FAIRMILE CLOSE Sold Prices

Land registry data shows two sales for 2 FAIRMILE 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 Norwich local authority area for the corresponding sale date. Both of the two 2 FAIRMILE 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
2018 14 NOV	£790,000	£397,621	99% above HPI
2012 5 APR	£470,000	£267,926	75% above HPI

2 FAIRMILE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 2 FAIRMILE CLOSE sales from April 2012 and November 2018 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 April 2012 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the November 2018 sale, where it rises to 99% above the HPI. The line then continues to track at 99% above the HPI.

What might 2 FAIRMILE CLOSE be worth now?

2 FAIRMILE CLOSE might now be worth an estimated £918,066.

This is based on house price inflation of 16.2%, between November 2018 and February 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.2% inflationary increase is applied to the most recent sale price for 2 FAIRMILE CLOSE of £790,000 on 14th November 2018. For the value to have increased from £790,000 to £918,066 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 FAIRMILE CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The November 2018 sale price of £790,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FAIRMILE CLOSE has not materially changed since November 2018.

How Large is 2 FAIRMILE CLOSE?

2 FAIRMILE CLOSE is 205m², which includes three extensions, according to the EPC inspection conducted in January 2012. This puts it in the largest 10% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 2 FAIRMILE CLOSE lies on this distribution: 95% of detached houses houses are smaller than 2 FAIRMILE CLOSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 FAIRMILE CLOSE: Plot and Title Map

2 FAIRMILE CLOSE sits on a plot of roughly 0.218 of an acre, or 883m². The below map shows the location of 2 FAIRMILE 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 FAIRMILE 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 FAIRMILE CLOSE?

2 FAIRMILE CLOSE is located in NORWICH, in the NR2 postcode district. The below map shows the position of No. 2 on FAIRMILE CLOSE.