3, WRIGHTS CLOSE, NORTH WALSHAM, NR28 0WG - £167,000

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 WRIGHTS CLOSE is a small extended detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £296,672. It was last sold for £167,000 in August 2012, which was around 30% below the average August 2012 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

3 WRIGHTS CLOSE Sold Prices

Land registry data shows four sales for 3 WRIGHTS 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 North Norfolk local authority area for the corresponding sale date. All of the four 3 WRIGHTS 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
2012 6 AUG	£167,000	£236,920	30% below HPI
2006 12 DEC	£169,000	£240,297	30% below HPI
2003 28 NOV	£142,500	£188,217	24% below HPI
2000 16 JUN	£78,950	£106,702	26% below HPI

3 WRIGHTS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The four 3 WRIGHTS CLOSE sales between June 2000 and August 2012 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 December 2006 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2012 sale, which was also at 30% below the HPI.

What might 3 WRIGHTS CLOSE be worth now?

3 WRIGHTS CLOSE might now be worth an estimated £296,672.

This is based on house price inflation of 77.6%, between August 2012 and December 2024, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77.6% inflationary increase is applied to the most recent sale price for 3 WRIGHTS CLOSE of £167,000 on 6th August 2012. For the value to have increased from £167,000 to £296,672 over the eleven years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 WRIGHTS CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The August 2012 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WRIGHTS CLOSE has not materially changed since August 2012.

How Large is 3 WRIGHTS CLOSE?

3 WRIGHTS CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 30% of detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 3 WRIGHTS CLOSE lies on this distribution: 26% of detached houses houses are smaller than 3 WRIGHTS CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

3 WRIGHTS CLOSE: Plot and Title Map

3 WRIGHTS CLOSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 3 WRIGHTS 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 WRIGHTS 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 WRIGHTS CLOSE?

3 WRIGHTS CLOSE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 3 on WRIGHTS CLOSE.