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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

48 ORCHARD CLOSE is a very large extended detached house of 153m², built sometime between 1930 and 1949. It was last sold for £322,500 in August 2016, which was around 9% 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	£354,164	9% below HPI
2006 11 MAY	£239,950	£242,337	1% 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 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2016 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

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 in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 48 ORCHARD CLOSE lies on this distribution: 83% of detached 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.