34, VANE CLOSE, NORWICH, NR7 0US - £245,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

34 VANE CLOSE is a small detached house of 84m², built sometime between 1996 and 2002. It was last sold for £245,000 in September 2016, which was around 22% below the average September 2016 detached price in the Broadland local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

34 VANE CLOSE Sold Prices

Land registry data shows four sales for 34 VANE 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 Broadland local authority area for the corresponding sale date. All of the four 34 VANE 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 16 SEP	£245,000	£315,334	22% below HPI
2006 11 JUL	£172,500	£233,719	26% below HPI
2001 23 APR	£99,950	£123,348	19% below HPI
2000 14 JUL	£91,995	£110,851	17% below HPI

34 VANE 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 four 34 VANE CLOSE sales between July 2000 and September 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 July 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2016 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 34 VANE CLOSE?

34 VANE CLOSE is 84m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 34 VANE CLOSE lies on this distribution: 22% of detached houses are smaller than 34 VANE CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Norwich.

34 VANE CLOSE: Plot and Title Map

34 VANE CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 34 VANE 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 34 VANE 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 34 VANE CLOSE?

34 VANE CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 34 on VANE CLOSE.