5, MILL CLOSE, BLOFIELD, NORWICH, NR13 4QT - £345,000

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 MILL CLOSE is a large extended detached house of 142m², built sometime between 1967 and 1975. It was last sold for £345,000 in August 2018, which was around 4% above the average August 2018 detached price in the Broadland local authority area. The most recent EPC inspection was November 2017, where the current energy rating was E, and the potential energy rating was E.

5 MILL CLOSE Sold Prices

Land registry data shows four sales for 5 MILL 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. Two of the four 5 MILL CLOSE sales were for above the average price, whilst one was 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
2018 29 AUG	£345,000	£332,179	4% above HPI
2015 30 SEP	£292,500	£291,153	Close to HPI
2007 13 APR	£245,000	£246,327	1% below HPI
1997 15 MAY	£75,000	£73,522	2% above HPI

5 MILL 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 MILL CLOSE sales between May 1997 and August 2018 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 2015 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2018 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 5 MILL CLOSE?

5 MILL CLOSE is 142m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the largest 30% of detached houses in Blofield Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Blofield Heath, and where 5 MILL CLOSE lies on this distribution: 73% of detached houses are smaller than 5 MILL CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Blofield Heath.

5 MILL CLOSE: Plot and Title Map

5 MILL CLOSE sits on a plot of roughly 0.190 of an acre, or 768m². The below map shows the location of 5 MILL 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 MILL 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 MILL CLOSE?

5 MILL CLOSE is located in BLOFIELD, in the NR13 postcode district. The below map shows the position of No. 5 on MILL CLOSE.