5, BROOM CLOSE, TAVERHAM, NORWICH, NR8 6FS - £347,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 BROOM CLOSE is a midsized extended detached house of 115m², built sometime between 1996 and 2002. It was last sold for £347,000 in May 2023, which was around 15% below the average May 2023 detached price in the Broadland local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

5 BROOM CLOSE Sold Prices

Land registry data shows three sales for 5 BROOM 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 Broadland local authority area for the corresponding sale date. All of the three 5 BROOM 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
2023 25 MAY	£347,000	£409,694	15% below HPI
2016 30 MAR	£250,000	£301,918	17% below HPI
1999 5 FEB	£72,500	£86,029	16% below HPI

5 BROOM 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 three 5 BROOM CLOSE sales between February 1999 and May 2023 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 March 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 5 BROOM CLOSE?

5 BROOM CLOSE is 115m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the largest 50% of detached houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses by size in Taverham, and where 5 BROOM CLOSE lies on this distribution: 51% of detached houses are smaller than 5 BROOM CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Taverham.

5 BROOM CLOSE: Plot and Title Map

5 BROOM CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 5 BROOM 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 BROOM 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 BROOM CLOSE?

5 BROOM CLOSE is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 5 on BROOM CLOSE.