2, VANE CLOSE, NORWICH, NR7 0US - £248,000

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 VANE CLOSE is a large detached house of 125m², built sometime between 1991 and 1995, which could now be worth an estimated £425,982. It was last sold for £248,000 in December 2006, which was around 1% above the average December 2006 detached price in the Broadland local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

2 VANE CLOSE Sold Prices

Land registry data shows two sales for 2 VANE 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 Broadland local authority area for the corresponding sale date. Both of the two 2 VANE 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
2006 4 DEC	£248,000	£246,582	1% above HPI
2001 29 JUN	£132,995	£130,884	2% above HPI

2 VANE 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 two 2 VANE CLOSE sales from June 2001 and December 2006 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 June 2001 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the December 2006 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 2 VANE CLOSE be worth now?

2 VANE CLOSE might now be worth an estimated £425,982.

This is based on house price inflation of 71.8%, between December 2006 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 71.8% inflationary increase is applied to the most recent sale price for 2 VANE CLOSE of £248,000 on 4th December 2006. For the value to have increased from £248,000 to £425,982 over the nineteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 VANE CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The December 2006 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 2 VANE CLOSE has not materially changed since December 2006.

How Large is 2 VANE CLOSE?

2 VANE CLOSE is 125m² according to the EPC inspection conducted in January 2017. This puts it in the largest 40% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 2 VANE CLOSE lies on this distribution: 66% of detached houses houses are smaller than 2 VANE CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 VANE CLOSE: Plot and Title Map

2 VANE CLOSE sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 2 VANE 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 VANE 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 VANE CLOSE?

2 VANE CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 2 on VANE CLOSE.