2, OWENS CLOSE, LONG STRATTON, NORWICH, NR15 2TX - £200,000

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 OWENS CLOSE is a very small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £200,000 in November 2023, which was around 50% below the average November 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2022, where the current energy rating was E, and the potential energy rating was B.

2 OWENS CLOSE Sold Prices

Land registry data shows two sales for 2 OWENS 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 South Norfolk local authority area for the corresponding sale date. Both of the two 2 OWENS 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
2023 17 NOV	£200,000	£400,802	50% below HPI
2009 8 APR	£125,000	£208,447	40% below HPI

2 OWENS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 2 OWENS CLOSE sales from April 2009 and November 2023 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 2009 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the November 2023 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 2 OWENS CLOSE?

2 OWENS CLOSE is 70m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of detached houses in Long Stratton, based on EPC data. The below chart shows the distribution of detached houses by size in Long Stratton, and where 2 OWENS CLOSE lies on this distribution: 8% of detached houses are smaller than 2 OWENS CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Long Stratton.

2 OWENS CLOSE: Plot and Title Map

2 OWENS CLOSE sits on a plot of roughly 0.063 of an acre, or 257m². The below map shows the location of 2 OWENS 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 OWENS 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 OWENS CLOSE?

2 OWENS CLOSE is located in LONG STRATTON, in the NR15 postcode district. The below map shows the position of No. 2 on OWENS CLOSE.