7, ELIZABETH CLOSE, REEPHAM, NORWICH, NR10 4JF - £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.

7 ELIZABETH CLOSE is a small extended detached house of 97m², built sometime between 1967 and 1975, which could now be worth an estimated £306,396. It was last sold for £220,000 in May 2016, which was around 28% below the average May 2016 detached price in the Broadland local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was C.

7 ELIZABETH CLOSE Sold Prices

Land registry data shows two sales for 7 ELIZABETH 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 Broadland local authority area for the corresponding sale date. Both of the two 7 ELIZABETH 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
2016 27 MAY	£220,000	£304,117	28% below HPI
2011 1 JUL	£155,000	£238,766	35% below HPI

7 ELIZABETH 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 two 7 ELIZABETH CLOSE sales from July 2011 and May 2016 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 July 2011 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2016 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 7 ELIZABETH CLOSE be worth now?

7 ELIZABETH CLOSE might now be worth an estimated £306,396.

This is based on house price inflation of 39.3%, between May 2016 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.3% inflationary increase is applied to the most recent sale price for 7 ELIZABETH CLOSE of £220,000 on 27th May 2016. For the value to have increased from £220,000 to £306,396 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 7 ELIZABETH CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The May 2016 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ELIZABETH CLOSE has not materially changed since May 2016.

How Large is 7 ELIZABETH CLOSE?

7 ELIZABETH CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 40% of detached houses houses in Reepham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reepham, and where 7 ELIZABETH CLOSE lies on this distribution: 39% of detached houses houses are smaller than 7 ELIZABETH CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Reepham.

7 ELIZABETH CLOSE: Plot and Title Map

7 ELIZABETH CLOSE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 7 ELIZABETH 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 ELIZABETH 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 ELIZABETH CLOSE?

7 ELIZABETH CLOSE is located in REEPHAM, in the NR10 postcode district. The below map shows the position of No. 7 on ELIZABETH CLOSE.