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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 NEWARK CLOSE is a small detached house of 87m², built sometime between 1996 and 2002. It was last sold for £240,000 in July 2010, which was about 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. The four 2 NEWARK CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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	£239,586	Close to HPI
2007 27 APR	£227,500	£246,327	8% below HPI
2001 26 APR	£121,000	£123,348	2% below HPI
1995 3 MAY	£81,500	£72,970	12% 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 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2010 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

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 in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 2 NEWARK CLOSE lies on this distribution: 27% of detached 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.