4, PENN CLOSE, TAVERHAM, NORWICH, NR8 6NL - £100,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 PENN CLOSE is a very small detached house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £206,633. It was last sold for £100,000 in April 2009, which was around 52% below the average April 2009 detached price in the Broadland local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

4 PENN CLOSE Sold Prices

Land registry data shows two sales for 4 PENN 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 Broadland local authority area for the corresponding sale date. Both of the two 4 PENN 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
2009 24 APR	£100,000	£207,761	52% below HPI
2001 29 JUN	£107,500	£130,884	18% below HPI

4 PENN 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 two 4 PENN CLOSE sales from June 2001 and April 2009 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 June 2001 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2009 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 4 PENN CLOSE be worth now?

4 PENN CLOSE might now be worth an estimated £206,633.

This is based on house price inflation of 106.6%, between April 2009 and December 2024, 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 106.6% inflationary increase is applied to the most recent sale price for 4 PENN CLOSE of £100,000 on 24th April 2009. For the value to have increased from £100,000 to £206,633 over the fourteen years and four months to December 2024, the following assumptions must hold true:

• The value of 4 PENN CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The April 2009 sale price of £100,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PENN CLOSE has not materially changed since April 2009.

How Large is 4 PENN CLOSE?

4 PENN CLOSE is 73m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 10% of detached houses houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Taverham, and where 4 PENN CLOSE lies on this distribution: 5% of detached houses houses are smaller than 4 PENN CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Taverham.

4 PENN CLOSE: Plot and Title Map

4 PENN CLOSE sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 4 PENN 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 PENN 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 PENN CLOSE?

4 PENN CLOSE is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 4 on PENN CLOSE.