5, FOLKARD CLOSE, LONG STRATTON, NORWICH, NR15 2WL - £213,000

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.

5 FOLKARD CLOSE is a very small semi-detached house of 75m², built sometime between 1996 and 2002, which could now be worth an estimated £278,735. It was last sold for £213,000 in September 2019, which was around 2% below the average September 2019 semi-detached price in the South Norfolk local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

5 FOLKARD CLOSE Sold Prices

Land registry data shows five sales for 5 FOLKARD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the South Norfolk local authority area for the corresponding sale date. The five 5 FOLKARD CLOSE sales were a mix of below the average price, roughly equal to the average price, and above 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
2019 20 SEP	£213,000	£216,515	2% below HPI
2014 20 JUN	£176,500	£171,351	3% above HPI
2012 12 SEP	£153,500	£154,226	Close to HPI
2002 1 MAR	£97,000	£91,917	6% above HPI
2000 30 JUN	£77,995	£69,282	13% above HPI

5 FOLKARD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Norfolk local authority area over time, sourced from the HPI. The five 5 FOLKARD CLOSE sales between June 2000 and September 2019 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 June 2014 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the September 2019 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 5 FOLKARD CLOSE be worth now?

5 FOLKARD CLOSE might now be worth an estimated £278,735.

This is based on house price inflation of 30.9%, between September 2019 and February 2025, for semi-detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.9% inflationary increase is applied to the most recent sale price for 5 FOLKARD CLOSE of £213,000 on 20th September 2019. For the value to have increased from £213,000 to £278,735 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 FOLKARD CLOSE has moved in line with the HPI for semi-detached houses in the South Norfolk local authority area.
• The September 2019 sale price of £213,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FOLKARD CLOSE has not materially changed since September 2019.

How Large is 5 FOLKARD CLOSE?

5 FOLKARD CLOSE is 75m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 20% of semi-detached houses houses in Long Stratton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Long Stratton, and where 5 FOLKARD CLOSE lies on this distribution: 13% of semi-detached houses houses are smaller than 5 FOLKARD CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Long Stratton.

5 FOLKARD CLOSE: Plot and Title Map

5 FOLKARD CLOSE sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 5 FOLKARD 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 FOLKARD 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 FOLKARD CLOSE?

5 FOLKARD CLOSE is located in LONG STRATTON, in the NR15 postcode district. The below map shows the position of No. 5 on FOLKARD CLOSE.