41, BILLING CLOSE, NORWICH, NR6 7EL - £280,000

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.

41 BILLING CLOSE is a small extended detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £308,718. It was last sold for £280,000 in September 2021, which was around 27% below the average September 2021 detached price in the Broadland local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

41 BILLING CLOSE Sold Prices

Land registry data shows six sales for 41 BILLING CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the six 41 BILLING 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 17 SEP	£280,000	£384,146	27% below HPI
2015 26 JUN	£202,000	£277,667	27% below HPI
2007 27 JUL	£178,500	£254,093	30% below HPI
2006 28 JUL	£172,000	£236,062	27% below HPI
2000 8 SEP	£84,000	£119,177	30% below HPI
1996 21 JUN	£48,000	£72,348	34% below HPI

41 BILLING 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 six 41 BILLING CLOSE sales between June 1996 and September 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 June 2015 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2021 sale, which was also at 27% below the HPI.

What might 41 BILLING CLOSE be worth now?

41 BILLING CLOSE might now be worth an estimated £308,718.

This is based on house price inflation of 10.3%, between September 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 10.3% inflationary increase is applied to the most recent sale price for 41 BILLING CLOSE of £280,000 on 17th September 2021. For the value to have increased from £280,000 to £308,718 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 41 BILLING CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The September 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 41 BILLING CLOSE has not materially changed since September 2021.

How Large is 41 BILLING CLOSE?

41 BILLING CLOSE is 92m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the smallest 40% 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 41 BILLING CLOSE lies on this distribution: 32% of detached houses houses are smaller than 41 BILLING CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Norwich.

41 BILLING CLOSE: Plot and Title Map

41 BILLING CLOSE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 41 BILLING 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 41 BILLING 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 41 BILLING CLOSE?

41 BILLING CLOSE is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 41 on BILLING CLOSE.