4, FAIRFIELD CLOSE, LONG STRATTON, NORWICH, NR15 2WT - £238,500

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.

4 FAIRFIELD CLOSE is a midsized detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £379,821. It was last sold for £238,500 in February 2015, which was around 14% below the average February 2015 detached price in the South Norfolk local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

4 FAIRFIELD CLOSE Sold Prices

Land registry data shows four sales for 4 FAIRFIELD 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 South Norfolk local authority area for the corresponding sale date. All of the four 4 FAIRFIELD 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
2015 6 FEB	£238,500	£276,348	14% below HPI
2014 24 APR	£226,000	£258,006	12% below HPI
2007 28 FEB	£212,000	£253,967	17% below HPI
2002 28 JUN	£152,995	£158,295	3% below HPI

4 FAIRFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The four 4 FAIRFIELD CLOSE sales between June 2002 and February 2015 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 April 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2015 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 4 FAIRFIELD CLOSE be worth now?

4 FAIRFIELD CLOSE might now be worth an estimated £379,821.

This is based on house price inflation of 59.3%, between February 2015 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.3% inflationary increase is applied to the most recent sale price for 4 FAIRFIELD CLOSE of £238,500 on 6th February 2015. For the value to have increased from £238,500 to £379,821 over the ten years to February 2025, the following assumptions must hold true:

• The value of 4 FAIRFIELD CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The February 2015 sale price of £238,500 represented a fair market value for the property.
• The size, condition, and specification of 4 FAIRFIELD CLOSE has not materially changed since February 2015.

How Large is 4 FAIRFIELD CLOSE?

4 FAIRFIELD CLOSE is 113m² according to the EPC inspection conducted in October 2012. This puts it in the largest 50% of detached houses houses in Long Stratton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Long Stratton, and where 4 FAIRFIELD CLOSE lies on this distribution: 52% of detached houses houses are smaller than 4 FAIRFIELD CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Long Stratton.

4 FAIRFIELD CLOSE: Plot and Title Map

4 FAIRFIELD CLOSE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 4 FAIRFIELD 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 4 FAIRFIELD 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 4 FAIRFIELD CLOSE?

4 FAIRFIELD CLOSE is located in LONG STRATTON, in the NR15 postcode district. The below map shows the position of No. 4 on FAIRFIELD CLOSE.