4, HILLS CLOSE, CORPUSTY, NORWICH, NR11 6PW - £262,500

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 HILLS CLOSE is a small detached house of 89m², built sometime between 1976 and 1982, which could now be worth an estimated £327,033. It was last sold for £262,500 in May 2020, which was around 24% below the average May 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

4 HILLS CLOSE Sold Prices

Land registry data shows two sales for 4 HILLS 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 North Norfolk local authority area for the corresponding sale date. Both of the two 4 HILLS 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
2020 29 MAY	£262,500	£345,804	24% below HPI
2015 2 OCT	£166,000	£301,893	45% below HPI

4 HILLS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two 4 HILLS CLOSE sales from October 2015 and May 2020 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 October 2015 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the May 2020 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 4 HILLS CLOSE be worth now?

4 HILLS CLOSE might now be worth an estimated £327,033.

This is based on house price inflation of 24.6%, between May 2020 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.6% inflationary increase is applied to the most recent sale price for 4 HILLS CLOSE of £262,500 on 29th May 2020. For the value to have increased from £262,500 to £327,033 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 4 HILLS CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The May 2020 sale price of £262,500 represented a fair market value for the property.
• The size, condition, and specification of 4 HILLS CLOSE has not materially changed since May 2020.

How Large is 4 HILLS CLOSE?

4 HILLS CLOSE is 89m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 40% of detached houses houses in Corpusty, based on EPC data. The below chart shows the distribution of detached houses houses by size in Corpusty, and where 4 HILLS CLOSE lies on this distribution: 36% of detached houses houses are smaller than 4 HILLS CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Corpusty.

4 HILLS CLOSE: Plot and Title Map

4 HILLS CLOSE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 4 HILLS 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 HILLS 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 HILLS CLOSE?

4 HILLS CLOSE is located in CORPUSTY, in the NR11 postcode district. The below map shows the position of No. 4 on HILLS CLOSE.