5, LIME TREE CLOSE, FRAMINGHAM EARL, NORWICH, NR14 7UF - £390,000

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 LIME TREE CLOSE is a small detached house of 92m², which could now be worth an estimated £395,524. It was last sold for £390,000 in December 2022, which was around 10% below the average December 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was B, and the potential energy rating was A.

5 LIME TREE CLOSE Sold Prices

Land registry data shows two sales for 5 LIME TREE 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 South Norfolk local authority area for the corresponding sale date. Both of the two 5 LIME TREE 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
2022 19 DEC	£390,000	£433,949	10% below HPI
2017 31 MAY	£280,950	£323,382	13% below HPI

5 LIME TREE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 5 LIME TREE CLOSE sales from May 2017 and December 2022 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 May 2017 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 5 LIME TREE CLOSE be worth now?

5 LIME TREE CLOSE might now be worth an estimated £395,524.

This is based on house price inflation of 1.4%, between December 2022 and February 2025, for 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 1.4% inflationary increase is applied to the most recent sale price for 5 LIME TREE CLOSE of £390,000 on 19th December 2022. For the value to have increased from £390,000 to £395,524 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 LIME TREE CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The December 2022 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LIME TREE CLOSE has not materially changed since December 2022.

How Large is 5 LIME TREE CLOSE?

5 LIME TREE CLOSE is 92m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 30% of detached houses houses in Framingham Earl, based on EPC data. The below chart shows the distribution of detached houses houses by size in Framingham Earl, and where 5 LIME TREE CLOSE lies on this distribution: 29% of detached houses houses are smaller than 5 LIME TREE CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Framingham Earl.

5 LIME TREE CLOSE: Plot and Title Map

5 LIME TREE CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 5 LIME TREE 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 LIME TREE 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 LIME TREE CLOSE?

5 LIME TREE CLOSE is located in FRAMINGHAM EARL, in the NR14 postcode district. The below map shows the position of No. 5 on LIME TREE CLOSE.