2, FOLGATE CLOSE, COSTESSEY, NORWICH, NR8 5DN - £285,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 FOLGATE CLOSE is a large extended detached house of 145m², built sometime between 1967 and 1975. It was last sold for £285,000 in November 2014, which was around 3% above the average November 2014 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

2 FOLGATE CLOSE Sold Prices

Land registry data shows three sales for 2 FOLGATE 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. Two of the three 2 FOLGATE CLOSE sales were for above the average price, whilst one 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
2014 17 NOV	£285,000	£276,540	3% above HPI
1999 14 DEC	£52,000	£101,732	49% below HPI
1998 2 NOV	£104,000	£89,285	16% above HPI

2 FOLGATE 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 FOLGATE CLOSE sales between November 1998 and November 2014 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 December 1999 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the November 2014 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 2 FOLGATE CLOSE?

2 FOLGATE CLOSE is 145m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the largest 40% of detached houses in Costessey, based on EPC data. The below chart shows the distribution of detached houses by size in Costessey, and where 2 FOLGATE CLOSE lies on this distribution: 61% of detached houses are smaller than 2 FOLGATE CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Costessey.

2 FOLGATE CLOSE: Plot and Title Map

2 FOLGATE CLOSE sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of 2 FOLGATE 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 FOLGATE 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 FOLGATE CLOSE?

2 FOLGATE CLOSE is located in COSTESSEY, in the NR8 postcode district. The below map shows the position of No. 2 on FOLGATE CLOSE.