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

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 GIGLI CLOSE is a small extended detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £279,228. It was last sold for £181,000 in October 2014, which was around 34% 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	£272,824	34% below HPI
2003 14 NOV	£145,500	£188,217	23% below HPI
2000 31 AUG	£73,000	£108,559	33% 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 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2014 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 GIGLI CLOSE be worth now?

5 GIGLI CLOSE might now be worth an estimated £279,228.

This is based on house price inflation of 54.3%, between October 2014 and December 2024, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54.3% inflationary increase is applied to the most recent sale price for 5 GIGLI CLOSE of £181,000 on 30th October 2014. For the value to have increased from £181,000 to £279,228 over the nine years and ten months to December 2024, the following assumptions must hold true:

• The value of 5 GIGLI CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2014 sale price of £181,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GIGLI CLOSE has not materially changed since October 2014.

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 houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 5 GIGLI CLOSE lies on this distribution: 31% of detached houses houses are smaller than 5 GIGLI CLOSE, and 67% 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 0.057 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.