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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PAVILION CLOSE is a very large extended detached house of 235m², built sometime between 2003 and 2006, which could now be worth an estimated £548,980. It was last sold for £490,000 in March 2021, which was around 49% 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	£328,376	49% above HPI
2017 1 AUG	£445,000	£286,525	55% above HPI
2007 29 OCT	£370,000	£237,756	56% 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 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the March 2021 sale, where it falls to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 2 PAVILION CLOSE be worth now?

2 PAVILION CLOSE might now be worth an estimated £548,980.

This is based on house price inflation of 12%, between March 2021 and December 2024, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12% inflationary increase is applied to the most recent sale price for 2 PAVILION CLOSE of £490,000 on 16th March 2021. For the value to have increased from £490,000 to £548,980 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 2 PAVILION CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The March 2021 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PAVILION CLOSE has not materially changed since March 2021.

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 houses in Banham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banham, and where 2 PAVILION CLOSE lies on this distribution: More than 99% of detached houses 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.