47, RYE CLOSE, NORTH WALSHAM, NR28 9EY - £220,000

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.

47 RYE CLOSE is a very small detached house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £305,492. It was last sold for £220,000 in August 2016, which was around 29% below the average August 2016 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

47 RYE CLOSE Sold Prices

Land registry data shows three sales for 47 RYE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three 47 RYE 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
2016 11 AUG	£220,000	£310,253	29% below HPI
2010 4 NOV	£171,500	£249,789	31% below HPI
2007 18 JUL	£159,000	£246,394	35% below HPI

47 RYE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 47 RYE CLOSE sales between July 2007 and August 2016 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 November 2010 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2016 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 47 RYE CLOSE be worth now?

47 RYE CLOSE might now be worth an estimated £305,492.

This is based on house price inflation of 38.9%, between August 2016 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.9% inflationary increase is applied to the most recent sale price for 47 RYE CLOSE of £220,000 on 11th August 2016. For the value to have increased from £220,000 to £305,492 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 47 RYE CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The August 2016 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 47 RYE CLOSE has not materially changed since August 2016.

How Large is 47 RYE CLOSE?

47 RYE CLOSE is 73m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 20% of detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 47 RYE CLOSE lies on this distribution: 14% of detached houses houses are smaller than 47 RYE CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

47 RYE CLOSE: Plot and Title Map

47 RYE CLOSE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 47 RYE 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 47 RYE 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 47 RYE CLOSE?

47 RYE CLOSE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 47 on RYE CLOSE.