2, PROSPECT CLOSE, FREETHORPE, NORWICH, NR13 3SY - £300,000

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 PROSPECT CLOSE is a large detached house of 117m², built sometime between 2003 and 2006, which could now be worth an estimated £364,949. It was last sold for £300,000 in November 2018, which was around 14% below the average November 2018 detached price in the Broadland local authority area. The most recent EPC inspection was January 2009, where the current energy rating was C, and the potential energy rating was C.

2 PROSPECT CLOSE Sold Prices

Land registry data shows four sales for 2 PROSPECT 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 Broadland local authority area for the corresponding sale date. All of the four 2 PROSPECT 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
2018 28 NOV	£300,000	£348,169	14% below HPI
2014 15 SEP	£245,500	£273,946	10% below HPI
2010 21 JAN	£210,000	£232,557	10% below HPI
2006 26 MAY	£158,000	£228,588	31% below HPI

2 PROSPECT 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 four 2 PROSPECT CLOSE sales between May 2006 and November 2018 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 September 2014 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2018 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 2 PROSPECT CLOSE be worth now?

2 PROSPECT CLOSE might now be worth an estimated £364,949.

This is based on house price inflation of 21.6%, between November 2018 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 21.6% inflationary increase is applied to the most recent sale price for 2 PROSPECT CLOSE of £300,000 on 28th November 2018. For the value to have increased from £300,000 to £364,949 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 PROSPECT CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2018 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PROSPECT CLOSE has not materially changed since November 2018.

How Large is 2 PROSPECT CLOSE?

2 PROSPECT CLOSE is 117m² according to the EPC inspection conducted in January 2009. This puts it in the largest 40% of detached houses houses in Freethorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Freethorpe, and where 2 PROSPECT CLOSE lies on this distribution: 63% of detached houses houses are smaller than 2 PROSPECT CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Freethorpe.

2 PROSPECT CLOSE: Plot and Title Map

2 PROSPECT CLOSE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 2 PROSPECT 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 PROSPECT 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 PROSPECT CLOSE?

2 PROSPECT CLOSE is located in FREETHORPE, in the NR13 postcode district. The below map shows the position of No. 2 on PROSPECT CLOSE.