5, SHERIDAN CLOSE, DRAYTON, NORWICH, NR8 6RW - £365,000

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 SHERIDAN CLOSE is a large extended detached house of 153m², built sometime between 1983 and 1990, which could now be worth an estimated £426,403. It was last sold for £365,000 in November 2020, which was around 1% above the average November 2020 detached price in the Broadland local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

5 SHERIDAN CLOSE Sold Prices

Land registry data shows three sales for 5 SHERIDAN 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. Two of the three 5 SHERIDAN 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
2020 20 NOV	£365,000	£362,554	1% above HPI
2006 20 MAR	£215,000	£223,118	4% below HPI
1999 3 SEP	£105,000	£93,440	12% above HPI

5 SHERIDAN 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 SHERIDAN CLOSE sales between September 1999 and November 2020 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 March 2006 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the November 2020 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 5 SHERIDAN CLOSE be worth now?

5 SHERIDAN CLOSE might now be worth an estimated £426,403.

This is based on house price inflation of 16.8%, between November 2020 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 16.8% inflationary increase is applied to the most recent sale price for 5 SHERIDAN CLOSE of £365,000 on 20th November 2020. For the value to have increased from £365,000 to £426,403 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 SHERIDAN CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2020 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SHERIDAN CLOSE has not materially changed since November 2020.

How Large is 5 SHERIDAN CLOSE?

5 SHERIDAN CLOSE is 153m², which includes three extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 30% of detached houses houses in Drayton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Drayton, and where 5 SHERIDAN CLOSE lies on this distribution: 72% of detached houses houses are smaller than 5 SHERIDAN CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Drayton.

5 SHERIDAN CLOSE: Plot and Title Map

5 SHERIDAN CLOSE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 5 SHERIDAN 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 SHERIDAN 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 SHERIDAN CLOSE?

5 SHERIDAN CLOSE is located in DRAYTON, in the NR8 postcode district. The below map shows the position of No. 5 on SHERIDAN CLOSE.