7, BAILEY CLOSE, MARTHAM, GREAT YARMOUTH, NR29 4UD - £184,500

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.

7 BAILEY CLOSE is a small detached house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £323,037. It was last sold for £184,500 in July 2010, which was about the average July 2010 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was C.

7 BAILEY CLOSE Sold Prices

Land registry data shows two sales for 7 BAILEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. One of the two 7 BAILEY CLOSE sales was roughly equal to the average price, whilst the other 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
2010 6 JUL	£184,500	£185,376	Close to HPI
2002 14 MAY	£87,950	£115,261	24% below HPI

7 BAILEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The two 7 BAILEY CLOSE sales from May 2002 and July 2010 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 2002 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2010 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 7 BAILEY CLOSE be worth now?

7 BAILEY CLOSE might now be worth an estimated £323,037.

This is based on house price inflation of 75.1%, between July 2010 and February 2025, for detached houses, in the Great Yarmouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 75.1% inflationary increase is applied to the most recent sale price for 7 BAILEY CLOSE of £184,500 on 6th July 2010. For the value to have increased from £184,500 to £323,037 over the fifteen years and five months to February 2025, the following assumptions must hold true:

• The value of 7 BAILEY CLOSE has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The July 2010 sale price of £184,500 represented a fair market value for the property.
• The size, condition, and specification of 7 BAILEY CLOSE has not materially changed since July 2010.

How Large is 7 BAILEY CLOSE?

7 BAILEY CLOSE is 82m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 40% of detached houses houses in Martham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martham, and where 7 BAILEY CLOSE lies on this distribution: 34% of detached houses houses are smaller than 7 BAILEY CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Martham.

7 BAILEY CLOSE: Plot and Title Map

7 BAILEY CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 7 BAILEY 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 7 BAILEY 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 7 BAILEY CLOSE?

7 BAILEY CLOSE is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 7 on BAILEY CLOSE.