5, NEWARK CLOSE, NORWICH, NR7 0YJ - £277,500

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 NEWARK CLOSE is a large extended detached house of 119m², built sometime between 1996 and 2002. It was last sold for £277,500 in March 2016, which was around 8% below the average March 2016 detached price in the Broadland local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

5 NEWARK CLOSE Sold Prices

Land registry data shows three sales for 5 NEWARK 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. One of the three 5 NEWARK CLOSE sales was for below the average price, whilst two were for above 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 18 MAR	£277,500	£301,918	8% below HPI
2000 29 NOV	£128,500	£117,969	9% above HPI
1996 12 APR	£78,000	£71,446	9% above HPI

5 NEWARK 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 NEWARK CLOSE sales between April 1996 and March 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 November 2000 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the March 2016 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 5 NEWARK CLOSE?

5 NEWARK CLOSE is 119m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the largest 40% 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 NEWARK CLOSE lies on this distribution: 62% of detached houses are smaller than 5 NEWARK CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Norwich.

5 NEWARK CLOSE: Plot and Title Map

5 NEWARK CLOSE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 5 NEWARK 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 NEWARK 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 NEWARK CLOSE?

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