6, ELM CLOSE, MULBARTON, NORWICH, NR14 8AU - £220,000

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.

6 ELM CLOSE is a very small detached house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £272,600. It was last sold for £220,000 in October 2018, which was around 38% below the average October 2018 detached price in the South Norfolk local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was B.

6 ELM CLOSE Sold Prices

Land registry data shows five sales for 6 ELM 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 South Norfolk local authority area for the corresponding sale date. All of the five 6 ELM 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
2018 10 OCT	£220,000	£355,176	38% below HPI
2018 16 FEB	£230,000	£334,966	31% below HPI
2003 21 FEB	£130,000	£184,793	30% below HPI
1999 9 AUG	£64,000	£96,906	34% below HPI
1998 11 MAY	£57,000	£82,912	31% below HPI

6 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The five 6 ELM CLOSE sales between May 1998 and October 2018 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 February 2018 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2018 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 6 ELM CLOSE be worth now?

6 ELM CLOSE might now be worth an estimated £272,600.

This is based on house price inflation of 23.9%, between October 2018 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.9% inflationary increase is applied to the most recent sale price for 6 ELM CLOSE of £220,000 on 10th October 2018. For the value to have increased from £220,000 to £272,600 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 6 ELM CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The October 2018 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 6 ELM CLOSE has not materially changed since October 2018.

How Large is 6 ELM CLOSE?

6 ELM CLOSE is 76m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 20% of detached houses houses in Mulbarton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mulbarton, and where 6 ELM CLOSE lies on this distribution: 10% of detached houses houses are smaller than 6 ELM CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Mulbarton.

6 ELM CLOSE: Plot and Title Map

6 ELM CLOSE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 6 ELM 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 6 ELM 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 6 ELM CLOSE?

6 ELM CLOSE is located in MULBARTON, in the NR14 postcode district. The below map shows the position of No. 6 on ELM CLOSE.