7, DRINKWATER CLOSE, HINGHAM, NORWICH, NR9 4LU - £249,000

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.

7 DRINKWATER CLOSE is a small extended detached house of 80m², built sometime between 1976 and 1982, which could now be worth an estimated £322,494. It was last sold for £249,000 in November 2017, which was around 27% below the average November 2017 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

7 DRINKWATER CLOSE Sold Prices

Land registry data shows two sales for 7 DRINKWATER 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 South Norfolk local authority area for the corresponding sale date. Both of the two 7 DRINKWATER 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
2017 24 NOV	£249,000	£339,801	27% below HPI
2003 6 JUN	£140,000	£192,331	27% below HPI

7 DRINKWATER 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 two 7 DRINKWATER CLOSE sales from June 2003 and November 2017 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 June 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2017 sale, which was also at 27% below the HPI.

What might 7 DRINKWATER CLOSE be worth now?

7 DRINKWATER CLOSE might now be worth an estimated £322,494.

This is based on house price inflation of 29.5%, between November 2017 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 29.5% inflationary increase is applied to the most recent sale price for 7 DRINKWATER CLOSE of £249,000 on 24th November 2017. For the value to have increased from £249,000 to £322,494 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 DRINKWATER CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The November 2017 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 7 DRINKWATER CLOSE has not materially changed since November 2017.

How Large is 7 DRINKWATER CLOSE?

7 DRINKWATER CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 30% of detached houses houses in Hingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hingham, and where 7 DRINKWATER CLOSE lies on this distribution: 23% of detached houses houses are smaller than 7 DRINKWATER CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Hingham.

7 DRINKWATER CLOSE: Plot and Title Map

7 DRINKWATER CLOSE sits on a plot of roughly 0.212 of an acre, or 857m². The below map shows the location of 7 DRINKWATER 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 DRINKWATER 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 DRINKWATER CLOSE?

7 DRINKWATER CLOSE is located in HINGHAM, in the NR9 postcode district. The below map shows the position of No. 7 on DRINKWATER CLOSE.