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

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 NEWARK CLOSE is a midsized detached house of 116m², built sometime between 1991 and 1995, which could now be worth an estimated £406,974. It was last sold for £247,500 in June 2014, which was around 4% 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	£257,578	4% below HPI
2007 16 MAR	£237,000	£249,062	5% below HPI
1997 10 OCT	£86,000	£82,196	5% above HPI
1995 24 MAR	£91,495	£70,936	29% 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 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2014 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 4 NEWARK CLOSE be worth now?

4 NEWARK CLOSE might now be worth an estimated £406,974.

This is based on house price inflation of 64.4%, between June 2014 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.4% inflationary increase is applied to the most recent sale price for 4 NEWARK CLOSE of £247,500 on 24th June 2014. For the value to have increased from £247,500 to £406,974 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 4 NEWARK CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The June 2014 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 4 NEWARK CLOSE has not materially changed since June 2014.

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 houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 4 NEWARK CLOSE lies on this distribution: 58% of detached houses 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.