7, ELMS CLOSE, EARSHAM, BUNGAY, NR35 2TD - £200,000

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

7 ELMS CLOSE is a very small detached house of 66m², built sometime between 1976 and 1982. It was last sold for £200,000 in February 2023, which was around 53% below the average February 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

7 ELMS CLOSE Sold Prices

Land registry data shows four sales for 7 ELMS 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 South Norfolk local authority area for the corresponding sale date. All of the four 7 ELMS 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
2023 14 FEB	£200,000	£425,257	53% below HPI
2006 29 NOV	£153,500	£241,287	36% below HPI
2001 20 FEB	£83,750	£124,947	33% below HPI
1999 25 OCT	£59,995	£99,001	39% below HPI

7 ELMS 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 four 7 ELMS CLOSE sales between October 1999 and February 2023 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 November 2006 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the February 2023 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 7 ELMS CLOSE?

7 ELMS CLOSE is 66m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% of detached houses in Earsham, based on EPC data. The below chart shows the distribution of detached houses by size in Earsham, and where 7 ELMS CLOSE lies on this distribution: 14% of detached houses are smaller than 7 ELMS CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Earsham.

7 ELMS CLOSE: Plot and Title Map

7 ELMS CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 7 ELMS 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 ELMS 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 ELMS CLOSE?

7 ELMS CLOSE is located in EARSHAM, in the NR35 postcode district. The below map shows the position of No. 7 on ELMS CLOSE.