2, MARSH CLOSE, MARTHAM, GREAT YARMOUTH, NR29 4UF - £365,000

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 MARSH CLOSE is a very large detached house of 133m², built sometime between 1976 and 1982, which could now be worth an estimated £464,518. It was last sold for £365,000 in February 2020, which was around 43% above the average February 2020 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

2 MARSH CLOSE Sold Prices

Land registry data shows four sales for 2 MARSH CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. All of the four 2 MARSH 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
2020 28 FEB	£365,000	£255,035	43% above HPI
2008 29 AUG	£210,600	£192,076	10% above HPI
2001 8 AUG	£127,000	£100,123	27% above HPI
1999 6 MAY	£93,500	£71,054	32% above HPI

2 MARSH CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The four 2 MARSH CLOSE sales between May 1999 and February 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 2008 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the February 2020 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 2 MARSH CLOSE be worth now?

2 MARSH CLOSE might now be worth an estimated £464,518.

This is based on house price inflation of 27.3%, between February 2020 and February 2025, for detached houses, in the Great Yarmouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.3% inflationary increase is applied to the most recent sale price for 2 MARSH CLOSE of £365,000 on 28th February 2020. For the value to have increased from £365,000 to £464,518 over the five years to February 2025, the following assumptions must hold true:

• The value of 2 MARSH CLOSE has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The February 2020 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MARSH CLOSE has not materially changed since February 2020.

How Large is 2 MARSH CLOSE?

2 MARSH CLOSE is 133m² according to the EPC inspection conducted in December 2019. This puts it in the largest 20% of detached houses houses in Martham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martham, and where 2 MARSH CLOSE lies on this distribution: 85% of detached houses houses are smaller than 2 MARSH CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Martham.

2 MARSH CLOSE: Plot and Title Map

2 MARSH CLOSE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 2 MARSH 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 MARSH 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 MARSH CLOSE?

2 MARSH CLOSE is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 2 on MARSH CLOSE.