37, RIMER CLOSE, NORWICH, NR5 9HZ - £300,000

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.

37 RIMER CLOSE is a large extended detached house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £375,380. It was last sold for £300,000 in February 2017, which was around 19% below the average February 2017 detached price in the Norwich local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

37 RIMER CLOSE Sold Prices

Land registry data shows three sales for 37 RIMER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. All of the three 37 RIMER 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
2017 10 FEB	£300,000	£369,289	19% below HPI
2015 17 JUL	£237,500	£332,469	29% below HPI
2003 21 FEB	£179,950	£207,307	13% below HPI

37 RIMER 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 three 37 RIMER CLOSE sales between February 2003 and February 2017 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 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2017 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 37 RIMER CLOSE be worth now?

37 RIMER CLOSE might now be worth an estimated £375,380.

This is based on house price inflation of 25.1%, between February 2017 and February 2025, 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 25.1% inflationary increase is applied to the most recent sale price for 37 RIMER CLOSE of £300,000 on 10th February 2017. For the value to have increased from £300,000 to £375,380 over the eight years to February 2025, the following assumptions must hold true:

• The value of 37 RIMER CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The February 2017 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 37 RIMER CLOSE has not materially changed since February 2017.

How Large is 37 RIMER CLOSE?

37 RIMER CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the largest 40% 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 37 RIMER CLOSE lies on this distribution: 62% of detached houses houses are smaller than 37 RIMER CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Norwich.

37 RIMER CLOSE: Plot and Title Map

37 RIMER CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 37 RIMER 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 37 RIMER 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 37 RIMER CLOSE?

37 RIMER CLOSE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 37 on RIMER CLOSE.