5, LOVETT CLOSE, NORWICH, NR6 7JU - £295,000

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 LOVETT CLOSE is a small detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £343,561. It was last sold for £295,000 in March 2021, which was around 19% below the average March 2021 detached price in the Broadland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

5 LOVETT CLOSE Sold Prices

Land registry data shows three sales for 5 LOVETT 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 Broadland local authority area for the corresponding sale date. All of the three 5 LOVETT 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
2021 26 MAR	£295,000	£363,679	19% below HPI
2015 12 OCT	£212,500	£298,968	29% below HPI
2006 10 MAR	£192,000	£223,118	14% below HPI

5 LOVETT 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 three 5 LOVETT CLOSE sales between March 2006 and March 2021 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 October 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 5 LOVETT CLOSE be worth now?

5 LOVETT CLOSE might now be worth an estimated £343,561.

This is based on house price inflation of 16.5%, between March 2021 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.5% inflationary increase is applied to the most recent sale price for 5 LOVETT CLOSE of £295,000 on 26th March 2021. For the value to have increased from £295,000 to £343,561 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 5 LOVETT CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The March 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LOVETT CLOSE has not materially changed since March 2021.

How Large is 5 LOVETT CLOSE?

5 LOVETT CLOSE is 98m² according to the EPC inspection conducted in July 2015. 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 LOVETT CLOSE lies on this distribution: 38% of detached houses houses are smaller than 5 LOVETT CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Norwich.

5 LOVETT CLOSE: Plot and Title Map

5 LOVETT CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 5 LOVETT 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 LOVETT 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 LOVETT CLOSE?

5 LOVETT CLOSE is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 5 on LOVETT CLOSE.