5, LAYER CLOSE, NORWICH, NR5 9NS - £208,000

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 LAYER CLOSE is a small detached house of 97m², built sometime between 1983 and 1990, which could now be worth an estimated £338,435. It was last sold for £208,000 in September 2013, which was around 27% below the average September 2013 detached price in the Norwich local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

5 LAYER CLOSE Sold Prices

Land registry data shows two sales for 5 LAYER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two 5 LAYER 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
2013 27 SEP	£208,000	£283,991	27% below HPI
2007 3 SEP	£200,000	£300,042	33% below HPI

5 LAYER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 5 LAYER CLOSE sales from September 2007 and September 2013 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 September 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2013 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 5 LAYER CLOSE be worth now?

5 LAYER CLOSE might now be worth an estimated £338,435.

This is based on house price inflation of 62.7%, between September 2013 and February 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 62.7% inflationary increase is applied to the most recent sale price for 5 LAYER CLOSE of £208,000 on 27th September 2013. For the value to have increased from £208,000 to £338,435 over the twelve years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 LAYER CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The September 2013 sale price of £208,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LAYER CLOSE has not materially changed since September 2013.

How Large is 5 LAYER CLOSE?

5 LAYER CLOSE is 97m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 40% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 5 LAYER CLOSE lies on this distribution: 37% of detached houses houses are smaller than 5 LAYER CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Norwich.

5 LAYER CLOSE: Plot and Title Map

5 LAYER CLOSE sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 5 LAYER 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 LAYER 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 LAYER CLOSE?

5 LAYER CLOSE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 5 on LAYER CLOSE.