2, PARK CLOSE, BARFORD, NORWICH, NR9 4GA - £310,000

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 PARK CLOSE is a very small detached house of 76m², built sometime between 1996 and 2002. It was last sold for £310,000 in June 2021, which was around 17% below the average June 2021 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was C.

2 PARK CLOSE Sold Prices

Land registry data shows four sales for 2 PARK 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 South Norfolk local authority area for the corresponding sale date. All of the four 2 PARK 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
2021 15 JUN	£310,000	£371,330	17% below HPI
2019 1 MAR	£302,500	£344,185	12% below HPI
2006 1 DEC	£219,950	£243,509	10% below HPI
2000 6 OCT	£92,500	£121,587	24% below HPI

2 PARK 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 four 2 PARK CLOSE sales between October 2000 and June 2021 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 March 2019 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 2 PARK CLOSE?

2 PARK CLOSE is 76m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 10% of detached houses in Barford, based on EPC data. The below chart shows the distribution of detached houses by size in Barford, and where 2 PARK CLOSE lies on this distribution: 2% of detached houses are smaller than 2 PARK CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Barford.

2 PARK CLOSE: Plot and Title Map

2 PARK CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 2 PARK 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 PARK 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 PARK CLOSE?

2 PARK CLOSE is located in BARFORD, in the NR9 postcode district. The below map shows the position of No. 2 on PARK CLOSE.