5, WRIGHTS CLOSE, NORTH WALSHAM, NR28 0WG - £177,500

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 WRIGHTS CLOSE is a midsized detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £332,850. It was last sold for £177,500 in July 2005, which was around 23% below the average July 2005 detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

5 WRIGHTS CLOSE Sold Prices

Land registry data shows three sales for 5 WRIGHTS 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 WRIGHTS 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
2005 5 JUL	£177,500	£229,743	23% below HPI
2001 12 OCT	£114,000	£129,392	12% below HPI
2000 16 JUN	£91,500	£106,702	14% below HPI

5 WRIGHTS 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 WRIGHTS CLOSE sales between June 2000 and July 2005 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 October 2001 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2005 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 5 WRIGHTS CLOSE be worth now?

5 WRIGHTS CLOSE might now be worth an estimated £332,850.

This is based on house price inflation of 87.5%, between July 2005 and February 2025, 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 87.5% inflationary increase is applied to the most recent sale price for 5 WRIGHTS CLOSE of £177,500 on 5th July 2005. For the value to have increased from £177,500 to £332,850 over the twenty years and five months to February 2025, the following assumptions must hold true:

• The value of 5 WRIGHTS CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The July 2005 sale price of £177,500 represented a fair market value for the property.
• The size, condition, and specification of 5 WRIGHTS CLOSE has not materially changed since July 2005.

How Large is 5 WRIGHTS CLOSE?

5 WRIGHTS CLOSE is 101m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 50% 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 WRIGHTS CLOSE lies on this distribution: 49% of detached houses houses are smaller than 5 WRIGHTS CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

5 WRIGHTS CLOSE: Plot and Title Map

5 WRIGHTS CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 5 WRIGHTS 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 WRIGHTS 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 WRIGHTS CLOSE?

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