4, MAYES CLOSE, NORWICH, NR5 9AR - £255,000

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 MAYES CLOSE is a very small detached house of 78m², built sometime between 1976 and 1982. It was last sold for £255,000 in February 2020, which was around 34% below the average February 2020 detached price in the Norwich local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

4 MAYES CLOSE Sold Prices

Land registry data shows five sales for 4 MAYES CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. All of the five 4 MAYES 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 18 FEB	£255,000	£383,851	34% below HPI
2018 14 MAY	£201,000	£373,651	46% below HPI
2010 30 APR	£130,000	£256,716	49% below HPI
2004 30 APR	£126,500	£220,673	43% below HPI
2001 17 AUG	£67,000	£143,656	53% below HPI

4 MAYES 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 five 4 MAYES CLOSE sales between August 2001 and February 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 May 2018 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the February 2020 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 4 MAYES CLOSE?

4 MAYES CLOSE is 78m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% 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 MAYES CLOSE lies on this distribution: 16% of detached houses are smaller than 4 MAYES CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Norwich.

4 MAYES CLOSE: Plot and Title Map

4 MAYES CLOSE sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 4 MAYES 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 MAYES 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 MAYES CLOSE?

4 MAYES CLOSE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 4 on MAYES CLOSE.