2, PAVILION CLOSE, BANHAM, NORWICH, NR16 2HZ - £490,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 PAVILION CLOSE is a very large extended detached house of 235m², built sometime between 2003 and 2006. It was last sold for £490,000 in March 2021, which was around 50% above the average March 2021 detached price in the Breckland local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was C.

2 PAVILION CLOSE Sold Prices

Land registry data shows three sales for 2 PAVILION CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three 2 PAVILION 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
2021 16 MAR	£490,000	£325,840	50% above HPI
2017 1 AUG	£445,000	£284,311	57% above HPI
2007 29 OCT	£370,000	£235,920	57% above HPI

2 PAVILION CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three 2 PAVILION CLOSE sales between October 2007 and March 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 August 2017 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the March 2021 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 2 PAVILION CLOSE?

2 PAVILION CLOSE is 235m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 10% of detached houses in Banham, based on EPC data. The below chart shows the distribution of detached houses by size in Banham, and where 2 PAVILION CLOSE lies on this distribution: More than 99% of detached houses are smaller than 2 PAVILION CLOSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Banham.

2 PAVILION CLOSE: Plot and Title Map

2 PAVILION CLOSE sits on a plot of roughly 0.165 of an acre, or 666m². The below map shows the location of 2 PAVILION 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 PAVILION 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 PAVILION CLOSE?

2 PAVILION CLOSE is located in BANHAM, in the NR16 postcode district. The below map shows the position of No. 2 on PAVILION CLOSE.