5, POUND CLOSE, BANHAM, NORWICH, NR16 2SY - £198,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 POUND CLOSE is a very small extended detached house of 84m², built sometime between 1996 and 2002. It was last sold for £198,000 in October 2015, which was around 22% below the average October 2015 detached price in the Breckland local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was C.

5 POUND CLOSE Sold Prices

Land registry data shows five sales for 5 POUND CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the five 5 POUND 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
2015 9 OCT	£198,000	£254,575	22% below HPI
2009 18 DEC	£175,000	£198,842	12% below HPI
2004 13 OCT	£166,500	£193,454	14% below HPI
2001 21 DEC	£112,500	£127,458	12% below HPI
1998 26 JUN	£57,000	£77,456	26% below HPI

5 POUND CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The five 5 POUND CLOSE sales between June 1998 and October 2015 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 December 2009 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2015 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 5 POUND CLOSE?

5 POUND CLOSE is 84m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses in Banham, based on EPC data. The below chart shows the distribution of detached houses by size in Banham, and where 5 POUND CLOSE lies on this distribution: 16% of detached houses are smaller than 5 POUND CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Banham.

5 POUND CLOSE: Plot and Title Map

5 POUND CLOSE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 5 POUND 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 POUND 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 POUND CLOSE?

5 POUND CLOSE is located in BANHAM, in the NR16 postcode district. The below map shows the position of No. 5 on POUND CLOSE.