2, LAUNDRY CLOSE, NORWICH, NR7 0XH - £375,000

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 LAUNDRY CLOSE is a midsized detached house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £440,402. It was last sold for £375,000 in October 2020, which was around 4% above the average October 2020 detached price in the Broadland 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 LAUNDRY CLOSE Sold Prices

Land registry data shows two sales for 2 LAUNDRY 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 Broadland local authority area for the corresponding sale date. One of the two 2 LAUNDRY 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
2020 13 OCT	£375,000	£360,647	4% above HPI
2018 17 AUG	£250,000	£335,509	25% below HPI

2 LAUNDRY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two 2 LAUNDRY CLOSE sales from August 2018 and October 2020 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 2018 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2020 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 2 LAUNDRY CLOSE be worth now?

2 LAUNDRY CLOSE might now be worth an estimated £440,402.

This is based on house price inflation of 17.4%, between October 2020 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.4% inflationary increase is applied to the most recent sale price for 2 LAUNDRY CLOSE of £375,000 on 13th October 2020. For the value to have increased from £375,000 to £440,402 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 LAUNDRY CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The October 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAUNDRY CLOSE has not materially changed since October 2020.

How Large is 2 LAUNDRY CLOSE?

2 LAUNDRY CLOSE is 114m² according to the EPC inspection conducted in February 2019. This puts it in the largest 50% 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 LAUNDRY CLOSE lies on this distribution: 56% of detached houses houses are smaller than 2 LAUNDRY CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 LAUNDRY CLOSE: Plot and Title Map

2 LAUNDRY CLOSE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 2 LAUNDRY 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 LAUNDRY 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 LAUNDRY CLOSE?

2 LAUNDRY CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 2 on LAUNDRY CLOSE.