5, LAUD CLOSE, NORWICH, NR7 0TN - £205,000

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 LAUD CLOSE is a very small extended semi-detached house of 75m², built sometime between 1983 and 1990. It was last sold for £205,000 in May 2016, which was around 32% below the average May 2016 detached price in the Broadland local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

5 LAUD CLOSE Sold Prices

Land registry data shows four sales for 5 LAUD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 5 LAUD 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 13 MAY	£205,000	£301,099	32% below HPI
2011 15 APR	£150,000	£226,301	34% below HPI
2002 29 NOV	£111,500	£176,112	37% below HPI
1997 28 NOV	£54,000	£81,295	34% below HPI

5 LAUD 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 four 5 LAUD CLOSE sales between November 1997 and May 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 April 2011 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2016 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 5 LAUD CLOSE?

5 LAUD CLOSE is 75m², which includes two extensions, according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 5 LAUD CLOSE lies on this distribution: 13% of detached houses are smaller than 5 LAUD CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Norwich.

5 LAUD CLOSE: Plot and Title Map

5 LAUD CLOSE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 5 LAUD 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 LAUD 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 LAUD CLOSE?

5 LAUD CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 5 on LAUD CLOSE.