4, NEWARK CLOSE, NORWICH, NR7 0YJ - £247,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 NEWARK CLOSE is a midsized detached house of 116m², built sometime between 1991 and 1995. It was last sold for £247,500 in June 2014, which was around 3% below the average June 2014 detached price in the Broadland local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

4 NEWARK CLOSE Sold Prices

Land registry data shows four sales for 4 NEWARK 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 Broadland local authority area for the corresponding sale date. two of the four 4 NEWARK CLOSE sales were for below the average price, and four 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
2014 24 JUN	£247,500	£255,022	3% below HPI
2007 16 MAR	£237,000	£246,590	4% below HPI
1997 10 OCT	£86,000	£81,380	6% above HPI
1995 24 MAR	£91,495	£70,232	30% above HPI

4 NEWARK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The four 4 NEWARK CLOSE sales between March 1995 and June 2014 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 March 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2014 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 4 NEWARK CLOSE?

4 NEWARK CLOSE is 116m² according to the EPC inspection conducted in November 2022. This puts it in the largest 50% 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 NEWARK CLOSE lies on this distribution: 58% of detached houses are smaller than 4 NEWARK CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Norwich.

4 NEWARK CLOSE: Plot and Title Map

4 NEWARK CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 4 NEWARK 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 NEWARK 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 NEWARK CLOSE?

4 NEWARK CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 4 on NEWARK CLOSE.