5, ASPEN CLOSE, MARTHAM, GREAT YARMOUTH, NR29 4RT - £185,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 ASPEN CLOSE is a very small detached house of 68m², which could now be worth an estimated £276,998. It was last sold for £185,950 in March 2016, which was around 15% below the average March 2016 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was A.

5 ASPEN CLOSE Sold Prices

Land registry data shows two sales for 5 ASPEN 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 Great Yarmouth local authority area for the corresponding sale date. Both of the two 5 ASPEN 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 23 MAR	£185,950	£217,886	15% below HPI
2014 21 NOV	£180,000	£200,910	10% below HPI

5 ASPEN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The two 5 ASPEN CLOSE sales from November 2014 and March 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 2014 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 5 ASPEN CLOSE be worth now?

5 ASPEN CLOSE might now be worth an estimated £276,998.

This is based on house price inflation of 49%, between March 2016 and February 2025, for detached houses, in the Great Yarmouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49% inflationary increase is applied to the most recent sale price for 5 ASPEN CLOSE of £185,950 on 23rd March 2016. For the value to have increased from £185,950 to £276,998 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of 5 ASPEN CLOSE has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The March 2016 sale price of £185,950 represented a fair market value for the property.
• The size, condition, and specification of 5 ASPEN CLOSE has not materially changed since March 2016.

How Large is 5 ASPEN CLOSE?

5 ASPEN CLOSE is 68m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses houses in Martham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martham, and where 5 ASPEN CLOSE lies on this distribution: 11% of detached houses houses are smaller than 5 ASPEN CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Martham.

5 ASPEN CLOSE: Plot and Title Map

5 ASPEN CLOSE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 5 ASPEN 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 5 ASPEN 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 5 ASPEN CLOSE?

5 ASPEN CLOSE is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 5 on ASPEN CLOSE.