5, GIGLI CLOSE, NORTH WALSHAM, NR28 0WF - £181,000

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

5 GIGLI CLOSE is a small extended detached house of 87m², built sometime between 1996 and 2002. It was last sold for £181,000 in October 2014, which was around 33% below the average October 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

5 GIGLI CLOSE Sold Prices

Land registry data shows three sales for 5 GIGLI 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 North Norfolk local authority area for the corresponding sale date. All of the three 5 GIGLI 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
2014 30 OCT	£181,000	£270,209	33% below HPI
2003 14 NOV	£145,500	£186,412	22% below HPI
2000 31 AUG	£73,000	£107,519	32% below HPI

5 GIGLI CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 5 GIGLI CLOSE sales between August 2000 and October 2014 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 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2014 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 5 GIGLI CLOSE?

5 GIGLI CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses by size in North Walsham, and where 5 GIGLI CLOSE lies on this distribution: 31% of detached houses are smaller than 5 GIGLI CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

5 GIGLI CLOSE: Plot and Title Map

5 GIGLI CLOSE sits on a plot of roughly 0.056 of an acre, or 229m². The below map shows the location of 5 GIGLI 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 GIGLI 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 GIGLI CLOSE?

5 GIGLI CLOSE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 5 on GIGLI CLOSE.