3, OLD FORGE CLOSE, WOODTON, BUNGAY, NR35 2LJ - £275,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 OLD FORGE CLOSE is a midsized detached house of 120m², built sometime between 1996 and 2002. It was last sold for £275,000 in December 2015, which was around 5% below the average December 2015 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was A.

3 OLD FORGE CLOSE Sold Prices

Land registry data shows two sales for 3 OLD FORGE 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 3 OLD FORGE 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
2015 11 DEC	£275,000	£289,476	5% below HPI
1999 2 JUL	£104,000	£93,122	12% above HPI

3 OLD FORGE 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 3 OLD FORGE CLOSE sales from July 1999 and December 2015 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 1999 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the December 2015 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 3 OLD FORGE CLOSE?

3 OLD FORGE CLOSE is 120m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 50% of detached houses in Woodton, based on EPC data. The below chart shows the distribution of detached houses by size in Woodton, and where 3 OLD FORGE CLOSE lies on this distribution: 43% of detached houses are smaller than 3 OLD FORGE CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Woodton.

3 OLD FORGE CLOSE: Plot and Title Map

3 OLD FORGE CLOSE sits on a plot of roughly 0.215 of an acre, or 870m². The below map shows the location of 3 OLD FORGE 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 OLD FORGE 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 OLD FORGE CLOSE?

3 OLD FORGE CLOSE is located in WOODTON, in the NR35 postcode district. The below map shows the position of No. 3 on OLD FORGE CLOSE.