2, GEORGE LOWE CLOSE, NEW COSTESSEY, NORWICH, NR5 0NS - £325,000

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 GEORGE LOWE CLOSE is a large detached house of 126m², built sometime between 2003 and 2006. It was last sold for £325,000 in May 2016, which was around 9% above the average May 2016 detached price in the South Norfolk local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

2 GEORGE LOWE CLOSE Sold Prices

Land registry data shows two sales for 2 GEORGE LOWE 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 South Norfolk local authority area for the corresponding sale date. Both of the two 2 GEORGE LOWE 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
2016 12 MAY	£325,000	£299,411	9% above HPI
2006 31 OCT	£250,000	£242,915	3% above HPI

2 GEORGE LOWE 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 two 2 GEORGE LOWE CLOSE sales from October 2006 and May 2016 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 2006 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the May 2016 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 2 GEORGE LOWE CLOSE?

2 GEORGE LOWE CLOSE is 126m² according to the EPC inspection conducted in February 2015. This puts it in the largest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 2 GEORGE LOWE CLOSE lies on this distribution: 67% of detached houses are smaller than 2 GEORGE LOWE CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 GEORGE LOWE CLOSE: Plot and Title Map

2 GEORGE LOWE CLOSE sits on a plot of roughly 0.170 of an acre, or 688m². The below map shows the location of 2 GEORGE LOWE 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 GEORGE LOWE 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 GEORGE LOWE CLOSE?

2 GEORGE LOWE CLOSE is located in NEW COSTESSEY, in the NR5 postcode district. The below map shows the position of No. 2 on GEORGE LOWE CLOSE.