3, PALGRAVE CLOSE, TAVERHAM, NORWICH, NR8 6LP - £245,000

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 PALGRAVE CLOSE is a very small extended detached house of 88m², built sometime between 1967 and 1975. It was last sold for £245,000 in June 2014, which was around 4% below the average June 2014 detached price in the Broadland local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

3 PALGRAVE CLOSE Sold Prices

Land registry data shows two sales for 3 PALGRAVE 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 PALGRAVE 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 9 JUN	£245,000	£255,022	4% below HPI
2002 22 NOV	£160,000	£176,112	9% below HPI

3 PALGRAVE 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 PALGRAVE CLOSE sales from November 2002 and June 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 November 2002 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2014 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 3 PALGRAVE CLOSE?

3 PALGRAVE CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of detached houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses by size in Taverham, and where 3 PALGRAVE CLOSE lies on this distribution: 18% of detached houses are smaller than 3 PALGRAVE CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Taverham.

3 PALGRAVE CLOSE: Plot and Title Map

3 PALGRAVE CLOSE sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of 3 PALGRAVE 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 PALGRAVE 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 PALGRAVE CLOSE?

3 PALGRAVE CLOSE is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 3 on PALGRAVE CLOSE.