21, GIBBS CLOSE, LITTLE MELTON, NORWICH, NR9 3NU - £420,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

21 GIBBS CLOSE is a large extended detached house of 165m², built sometime between 1996 and 2002. It was last sold for £420,000 in February 2023, which was around 1% below the average February 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was C.

21 GIBBS CLOSE Sold Prices

Land registry data shows two sales for 21 GIBBS 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 South Norfolk local authority area for the corresponding sale date. One of the two 21 GIBBS CLOSE sales was for below the average price, whilst the other was 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
2023 3 FEB	£420,000	£425,257	1% below HPI
2000 10 NOV	£203,000	£123,299	65% above HPI

21 GIBBS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 21 GIBBS CLOSE sales from November 2000 and February 2023 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 November 2000 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the February 2023 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 21 GIBBS CLOSE?

21 GIBBS CLOSE is 165m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the largest 30% of detached houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Little Melton, and where 21 GIBBS CLOSE lies on this distribution: 75% of detached houses are smaller than 21 GIBBS CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Little Melton.

21 GIBBS CLOSE: Plot and Title Map

21 GIBBS CLOSE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of 21 GIBBS 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 21 GIBBS 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 21 GIBBS CLOSE?

21 GIBBS CLOSE is located in LITTLE MELTON, in the NR9 postcode district. The below map shows the position of No. 21 on GIBBS CLOSE.