4, VALE CLOSE, HORSFORD, NORWICH, NR10 3SF - £314,000

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 VALE CLOSE is a very small detached house of 90m², built sometime between 1996 and 2002, which could now be worth an estimated £340,499. It was last sold for £314,000 in November 2021, which was around 20% below the average November 2021 detached price in the Broadland local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

4 VALE CLOSE Sold Prices

Land registry data shows two sales for 4 VALE 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 VALE 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
2021 12 NOV	£314,000	£390,584	20% below HPI
1999 3 DEC	£72,950	£99,769	27% below HPI

4 VALE 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 VALE CLOSE sales from December 1999 and November 2021 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 December 1999 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 4 VALE CLOSE be worth now?

4 VALE CLOSE might now be worth an estimated £340,499.

This is based on house price inflation of 8.4%, between November 2021 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 8.4% inflationary increase is applied to the most recent sale price for 4 VALE CLOSE of £314,000 on 12th November 2021. For the value to have increased from £314,000 to £340,499 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 4 VALE CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2021 sale price of £314,000 represented a fair market value for the property.
• The size, condition, and specification of 4 VALE CLOSE has not materially changed since November 2021.

How Large is 4 VALE CLOSE?

4 VALE CLOSE is 90m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% of detached houses houses in Horsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horsford, and where 4 VALE CLOSE lies on this distribution: 14% of detached houses houses are smaller than 4 VALE CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Horsford.

4 VALE CLOSE: Plot and Title Map

4 VALE CLOSE sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of 4 VALE 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 VALE 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 VALE CLOSE?

4 VALE CLOSE is located in HORSFORD, in the NR10 postcode district. The below map shows the position of No. 4 on VALE CLOSE.