48, ORCHARD CLOSE, NORWICH, NR7 9NY - £322,500

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.

48 ORCHARD CLOSE is a very large extended detached house of 153m², built sometime between 1930 and 1949, which could now be worth an estimated £408,098. It was last sold for £322,500 in August 2016, which was around 12% below the average August 2016 detached price in the Norwich local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

48 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 48 ORCHARD 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 Norwich local authority area for the corresponding sale date. Both of the two 48 ORCHARD 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 26 AUG	£322,500	£365,159	12% below HPI
2006 11 MAY	£239,950	£249,860	4% below HPI

48 ORCHARD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 48 ORCHARD CLOSE sales from May 2006 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 May 2006 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2016 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 48 ORCHARD CLOSE be worth now?

48 ORCHARD CLOSE might now be worth an estimated £408,098.

This is based on house price inflation of 26.5%, between August 2016 and February 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.5% inflationary increase is applied to the most recent sale price for 48 ORCHARD CLOSE of £322,500 on 26th August 2016. For the value to have increased from £322,500 to £408,098 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 48 ORCHARD CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The August 2016 sale price of £322,500 represented a fair market value for the property.
• The size, condition, and specification of 48 ORCHARD CLOSE has not materially changed since August 2016.

How Large is 48 ORCHARD CLOSE?

48 ORCHARD CLOSE is 153m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the largest 20% 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 48 ORCHARD CLOSE lies on this distribution: 83% of detached houses houses are smaller than 48 ORCHARD CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Norwich.

48 ORCHARD CLOSE: Plot and Title Map

48 ORCHARD CLOSE sits on a plot of roughly 0.319 of an acre, or 1,289m². The below map shows the location of 48 ORCHARD 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 48 ORCHARD 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 48 ORCHARD CLOSE?

48 ORCHARD CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 48 on ORCHARD CLOSE.