4, FAIRMILE CLOSE, NORWICH, NR2 2NG - £730,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 FAIRMILE CLOSE is a large extended detached house of 143m², built sometime between 1976 and 1982. It was last sold for £730,000 in March 2024, which was around 64% above the average March 2024 detached price in the Norwich local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

4 FAIRMILE CLOSE Sold Prices

Land registry data shows two sales for 4 FAIRMILE 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 Norwich local authority area for the corresponding sale date. Both of the two 4 FAIRMILE CLOSE sales were for above 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
2024 27 MAR	£730,000	£444,906	64% above HPI
1998 28 AUG	£174,950	£91,795	91% above HPI

4 FAIRMILE 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 two 4 FAIRMILE CLOSE sales from August 1998 and March 2024 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 August 1998 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the March 2024 sale, where it falls to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is 4 FAIRMILE CLOSE?

4 FAIRMILE CLOSE is 143m², which includes two extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 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 4 FAIRMILE CLOSE lies on this distribution: 77% of detached houses are smaller than 4 FAIRMILE CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Norwich.

4 FAIRMILE CLOSE: Plot and Title Map

4 FAIRMILE CLOSE sits on a plot of roughly 0.242 of an acre, or 981m². The below map shows the location of 4 FAIRMILE 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 FAIRMILE 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 FAIRMILE CLOSE?

4 FAIRMILE CLOSE is located in NORWICH, in the NR2 postcode district. The below map shows the position of No. 4 on FAIRMILE CLOSE.