3, STAN PETERSEN CLOSE, NORWICH, NR1 4QJ - £299,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 STAN PETERSEN CLOSE is a small extended detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £399,152. It was last sold for £299,950 in March 2016, which was around 14% below the average March 2016 detached price in the Norwich local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

3 STAN PETERSEN CLOSE Sold Prices

Land registry data shows four sales for 3 STAN PETERSEN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Most of the four 3 STAN PETERSEN 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
2016 31 MAR	£299,950	£348,673	14% below HPI
2004 27 AUG	£196,000	£238,156	18% below HPI
2003 10 MAR	£195,000	£212,616	8% below HPI
1999 1 JUL	£103,000	£100,066	3% above HPI

3 STAN PETERSEN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The four 3 STAN PETERSEN CLOSE sales between July 1999 and March 2016 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 August 2004 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the March 2016 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 3 STAN PETERSEN CLOSE be worth now?

3 STAN PETERSEN CLOSE might now be worth an estimated £399,152.

This is based on house price inflation of 33.1%, between March 2016 and December 2024, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.1% inflationary increase is applied to the most recent sale price for 3 STAN PETERSEN CLOSE of £299,950 on 31st March 2016. For the value to have increased from £299,950 to £399,152 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of 3 STAN PETERSEN CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The March 2016 sale price of £299,950 represented a fair market value for the property.
• The size, condition, and specification of 3 STAN PETERSEN CLOSE has not materially changed since March 2016.

How Large is 3 STAN PETERSEN CLOSE?

3 STAN PETERSEN CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the smallest 30% 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 STAN PETERSEN CLOSE lies on this distribution: 26% of detached houses houses are smaller than 3 STAN PETERSEN CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Norwich.

3 STAN PETERSEN CLOSE: Plot and Title Map

3 STAN PETERSEN CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 3 STAN PETERSEN 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 STAN PETERSEN 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 STAN PETERSEN CLOSE?

3 STAN PETERSEN CLOSE is located in NORWICH, in the NR1 postcode district. The below map shows the position of No. 3 on STAN PETERSEN CLOSE.