3, NEWCASTLE CLOSE, NORWICH, NR7 0TJ - £234,500

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.

3 NEWCASTLE CLOSE is a very small extended detached house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £306,537. It was last sold for £234,500 in April 2017, which was around 28% below the average April 2017 detached price in the Broadland local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

3 NEWCASTLE CLOSE Sold Prices

Land registry data shows two sales for 3 NEWCASTLE 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 3 NEWCASTLE 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
2017 7 APR	£234,500	£324,012	28% below HPI
1995 28 JUL	£65,995	£74,403	11% below HPI

3 NEWCASTLE 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 3 NEWCASTLE CLOSE sales from July 1995 and April 2017 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 July 1995 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the April 2017 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 3 NEWCASTLE CLOSE be worth now?

3 NEWCASTLE CLOSE might now be worth an estimated £306,537.

This is based on house price inflation of 30.7%, between April 2017 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 30.7% inflationary increase is applied to the most recent sale price for 3 NEWCASTLE CLOSE of £234,500 on 7th April 2017. For the value to have increased from £234,500 to £306,537 over the eight years and two months to February 2025, the following assumptions must hold true:

• The value of 3 NEWCASTLE CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The April 2017 sale price of £234,500 represented a fair market value for the property.
• The size, condition, and specification of 3 NEWCASTLE CLOSE has not materially changed since April 2017.

How Large is 3 NEWCASTLE CLOSE?

3 NEWCASTLE CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 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 3 NEWCASTLE CLOSE lies on this distribution: 19% of detached houses houses are smaller than 3 NEWCASTLE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Norwich.

3 NEWCASTLE CLOSE: Plot and Title Map

3 NEWCASTLE CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 3 NEWCASTLE 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 3 NEWCASTLE 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 3 NEWCASTLE CLOSE?

3 NEWCASTLE CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 3 on NEWCASTLE CLOSE.