2, WOODS CLOSE, NORWICH, NR6 5JN - £190,000

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 WOODS CLOSE is a very large extended detached house of 152m², built sometime between 1950 and 1966, which could now be worth an estimated £297,339. It was last sold for £190,000 in November 2014, which was around 30% below the average November 2014 detached price in the Broadland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

2 WOODS CLOSE Sold Prices

Land registry data shows three sales for 2 WOODS 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 Broadland local authority area for the corresponding sale date. All of the three 2 WOODS 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
2014 24 NOV	£190,000	£270,646	30% below HPI
2007 26 OCT	£175,000	£261,759	33% below HPI
2003 30 MAY	£136,000	£188,551	28% below HPI

2 WOODS 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 three 2 WOODS CLOSE sales between May 2003 and November 2014 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 October 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2014 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 WOODS CLOSE be worth now?

2 WOODS CLOSE might now be worth an estimated £297,339.

This is based on house price inflation of 56.5%, between November 2014 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 56.5% inflationary increase is applied to the most recent sale price for 2 WOODS CLOSE of £190,000 on 24th November 2014. For the value to have increased from £190,000 to £297,339 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 WOODS CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2014 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WOODS CLOSE has not materially changed since November 2014.

How Large is 2 WOODS CLOSE?

2 WOODS CLOSE is 152m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 20% 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 WOODS CLOSE lies on this distribution: 82% of detached houses houses are smaller than 2 WOODS CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 WOODS CLOSE: Plot and Title Map

2 WOODS CLOSE sits on a plot of roughly 0.196 of an acre, or 793m². The below map shows the location of 2 WOODS 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 WOODS 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 WOODS CLOSE?

2 WOODS CLOSE is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 2 on WOODS CLOSE.