50, VANE CLOSE, NORWICH, NR7 0US - £175,000

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

50 VANE CLOSE is a small detached house of 93m², built sometime between 1996 and 2002. It was last sold for £175,000 in July 2012, which was around 27% below the average July 2012 detached price in the Broadland local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

50 VANE CLOSE Sold Prices

Land registry data shows four sales for 50 VANE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 50 VANE 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
2012 27 JUL	£175,000	£240,207	27% below HPI
2011 16 MAY	£175,000	£231,955	25% below HPI
2003 20 MAY	£149,995	£186,679	20% below HPI
2000 29 SEP	£100,995	£117,994	14% below HPI

50 VANE 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 four 50 VANE CLOSE sales between September 2000 and July 2012 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 May 2011 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2012 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 50 VANE CLOSE?

50 VANE CLOSE is 93m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 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 50 VANE CLOSE lies on this distribution: 33% of detached houses are smaller than 50 VANE CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Norwich.

50 VANE CLOSE: Plot and Title Map

50 VANE CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 50 VANE 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 50 VANE 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 50 VANE CLOSE?

50 VANE CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 50 on VANE CLOSE.