2, NEWARK CLOSE, NORWICH, NR7 0YJ - £240,000

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 NEWARK CLOSE is a small detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £420,068. It was last sold for £240,000 in July 2010, which was around 1% below the average July 2010 detached price in the Broadland local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

2 NEWARK CLOSE Sold Prices

Land registry data shows four sales for 2 NEWARK 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 Broadland local authority area for the corresponding sale date. Most of the four 2 NEWARK CLOSE sales were 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
2010 29 JUL	£240,000	£241,987	1% below HPI
2007 27 APR	£227,500	£248,796	9% below HPI
2001 26 APR	£121,000	£124,585	3% below HPI
1995 3 MAY	£81,500	£73,701	11% above HPI

2 NEWARK 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 four 2 NEWARK CLOSE sales between May 1995 and July 2010 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 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2010 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 NEWARK CLOSE be worth now?

2 NEWARK CLOSE might now be worth an estimated £420,068.

This is based on house price inflation of 75%, between July 2010 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 75% inflationary increase is applied to the most recent sale price for 2 NEWARK CLOSE of £240,000 on 29th July 2010. For the value to have increased from £240,000 to £420,068 over the fifteen years and five months to February 2025, the following assumptions must hold true:

• The value of 2 NEWARK CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The July 2010 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NEWARK CLOSE has not materially changed since July 2010.

How Large is 2 NEWARK CLOSE?

2 NEWARK CLOSE is 87m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 30% 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 NEWARK CLOSE lies on this distribution: 27% of detached houses houses are smaller than 2 NEWARK CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 NEWARK CLOSE: Plot and Title Map

2 NEWARK CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 2 NEWARK 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 NEWARK 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 NEWARK CLOSE?

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