7, ELSTEAD CLOSE, NORWICH, NR4 6LU - £490,000

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 ELSTEAD CLOSE is a midsized extended detached house of 110m², built sometime between 1967 and 1975, which could now be worth an estimated £477,893. It was last sold for £490,000 in April 2023, which was around 3% above the average April 2023 detached price in the Norwich local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

7 ELSTEAD CLOSE Sold Prices

Land registry data shows two sales for 7 ELSTEAD 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 Norwich local authority area for the corresponding sale date. Both of the two 7 ELSTEAD CLOSE sales were for above 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 APR	£490,000	£473,785	3% above HPI
2003 20 MAY	£219,000	£212,087	3% above HPI

7 ELSTEAD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 7 ELSTEAD CLOSE sales from May 2003 and April 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 May 2003 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the April 2023 sale, which was also at 3% above the HPI.

What might 7 ELSTEAD CLOSE be worth now?

7 ELSTEAD CLOSE might now be worth an estimated £477,893.

This is based on house price deflation of 2.5%, between April 2023 and February 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.5% deflationary decrease is applied to the most recent sale price for 7 ELSTEAD CLOSE of £490,000 on 14th April 2023. For the value to have decreased from £490,000 to £477,893 over the two years and two months to February 2025, the following assumptions must hold true:

• The value of 7 ELSTEAD CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The April 2023 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ELSTEAD CLOSE has not materially changed since April 2023.

How Large is 7 ELSTEAD CLOSE?

7 ELSTEAD CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 50% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 7 ELSTEAD CLOSE lies on this distribution: 51% of detached houses houses are smaller than 7 ELSTEAD CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 ELSTEAD CLOSE: Plot and Title Map

7 ELSTEAD CLOSE sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 7 ELSTEAD 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 ELSTEAD 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 ELSTEAD CLOSE?

7 ELSTEAD CLOSE is located in NORWICH, in the NR4 postcode district. The below map shows the position of No. 7 on ELSTEAD CLOSE.