31, SHERIDAN CLOSE, DRAYTON, NORWICH, NR8 6RW - £366,000

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.

31 SHERIDAN CLOSE is a small extended detached house of 110m², built sometime between 1976 and 1982, which could now be worth an estimated £365,624. It was last sold for £366,000 in March 2023, which was around 14% below the average March 2023 detached price in the Broadland local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

31 SHERIDAN CLOSE Sold Prices

Land registry data shows two sales for 31 SHERIDAN 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 31 SHERIDAN 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
2023 10 MAR	£366,000	£423,982	14% below HPI
2006 30 JUN	£183,500	£232,449	21% below HPI

31 SHERIDAN 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 31 SHERIDAN CLOSE sales from June 2006 and March 2023 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 June 2006 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2023 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 31 SHERIDAN CLOSE be worth now?

31 SHERIDAN CLOSE might now be worth an estimated £365,624.

This is based on house price deflation of 0.1%, between March 2023 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 0.1% deflationary decrease is applied to the most recent sale price for 31 SHERIDAN CLOSE of £366,000 on 10th March 2023. For the value to have decreased from £366,000 to £365,624 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 31 SHERIDAN CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The March 2023 sale price of £366,000 represented a fair market value for the property.
• The size, condition, and specification of 31 SHERIDAN CLOSE has not materially changed since March 2023.

How Large is 31 SHERIDAN CLOSE?

31 SHERIDAN CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of detached houses houses in Drayton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Drayton, and where 31 SHERIDAN CLOSE lies on this distribution: 38% of detached houses houses are smaller than 31 SHERIDAN CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Drayton.

31 SHERIDAN CLOSE: Plot and Title Map

31 SHERIDAN CLOSE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 31 SHERIDAN 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 31 SHERIDAN 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 31 SHERIDAN CLOSE?

31 SHERIDAN CLOSE is located in DRAYTON, in the NR8 postcode district. The below map shows the position of No. 31 on SHERIDAN CLOSE.