5, OAK CLOSE, NORTH WALSHAM, NR28 0BY - £300,000

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 OAK CLOSE is a small extended detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £326,339. It was last sold for £300,000 in October 2021, which was around 22% below the average October 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

5 OAK CLOSE Sold Prices

Land registry data shows three sales for 5 OAK 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 North Norfolk local authority area for the corresponding sale date. All of the three 5 OAK 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 19 OCT	£300,000	£386,914	22% below HPI
2014 14 NOV	£190,000	£278,098	32% below HPI
2004 27 JUL	£158,000	£211,338	25% below HPI

5 OAK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 5 OAK CLOSE sales between July 2004 and October 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 November 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2021 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 5 OAK CLOSE be worth now?

5 OAK CLOSE might now be worth an estimated £326,339.

This is based on house price inflation of 8.8%, between October 2021 and December 2024, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.8% inflationary increase is applied to the most recent sale price for 5 OAK CLOSE of £300,000 on 19th October 2021. For the value to have increased from £300,000 to £326,339 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of 5 OAK CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OAK CLOSE has not materially changed since October 2021.

How Large is 5 OAK CLOSE?

5 OAK CLOSE is 93m², which includes two extensions, according to the EPC inspection conducted in October 2014. This puts it in the smallest 40% of detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 5 OAK CLOSE lies on this distribution: 39% of detached houses houses are smaller than 5 OAK CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

5 OAK CLOSE: Plot and Title Map

5 OAK CLOSE sits on a plot of roughly 0.160 of an acre, or 649m². The below map shows the location of 5 OAK 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 OAK 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 OAK CLOSE?

5 OAK CLOSE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 5 on OAK CLOSE.