2, OAK TREE CLOSE, LINGWOOD, NORWICH, NR13 4UH - £275,000

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 OAK TREE CLOSE is a midsized detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £460,986. It was last sold for £275,000 in August 2013, which was around 9% above the average August 2013 detached price in the Broadland local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

2 OAK TREE CLOSE Sold Prices

Land registry data shows two sales for 2 OAK TREE 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. Both of the two 2 OAK TREE 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
2013 13 AUG	£275,000	£252,665	9% above HPI
2001 10 APR	£164,950	£124,585	32% above HPI

2 OAK TREE 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 OAK TREE CLOSE sales from April 2001 and August 2013 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 2001 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the August 2013 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 2 OAK TREE CLOSE be worth now?

2 OAK TREE CLOSE might now be worth an estimated £460,986.

This is based on house price inflation of 67.6%, between August 2013 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 67.6% inflationary increase is applied to the most recent sale price for 2 OAK TREE CLOSE of £275,000 on 13th August 2013. For the value to have increased from £275,000 to £460,986 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 2 OAK TREE CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The August 2013 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK TREE CLOSE has not materially changed since August 2013.

How Large is 2 OAK TREE CLOSE?

2 OAK TREE CLOSE is 115m² according to the EPC inspection conducted in September 2012. This puts it in the largest 50% of detached houses houses in Lingwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lingwood, and where 2 OAK TREE CLOSE lies on this distribution: 58% of detached houses houses are smaller than 2 OAK TREE CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Lingwood.

2 OAK TREE CLOSE: Plot and Title Map

2 OAK TREE CLOSE sits on a plot of roughly 0.197 of an acre, or 797m². The below map shows the location of 2 OAK TREE 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 OAK TREE 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 OAK TREE CLOSE?

2 OAK TREE CLOSE is located in LINGWOOD, in the NR13 postcode district. The below map shows the position of No. 2 on OAK TREE CLOSE.