7, GERALD CLOSE, NORWICH, NR1 4NE - £270,000

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 GERALD CLOSE is a very small detached house of 59m², built sometime between 1950 and 1966, which could now be worth an estimated £266,349. It was last sold for £270,000 in December 2024, which was around 42% below the average December 2024 detached price in the Norwich local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

7 GERALD CLOSE Sold Prices

Land registry data shows two sales for 7 GERALD 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 GERALD 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
2024 12 DEC	£270,000	£468,413	42% below HPI
2014 4 APR	£181,000	£296,927	39% below HPI

7 GERALD 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 GERALD CLOSE sales from April 2014 and December 2024 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 April 2014 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2024 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 7 GERALD CLOSE be worth now?

7 GERALD CLOSE might now be worth an estimated £266,349.

This is based on house price deflation of 1.4%, between December 2024 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 1.4% deflationary decrease is applied to the most recent sale price for 7 GERALD CLOSE of £270,000 on 12th December 2024. For the value to have decreased from £270,000 to £266,349 over the one year and ten months to February 2025, the following assumptions must hold true:

• The value of 7 GERALD CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The December 2024 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GERALD CLOSE has not materially changed since December 2024.

How Large is 7 GERALD CLOSE?

7 GERALD CLOSE is 59m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 10% 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 GERALD CLOSE lies on this distribution: 3% of detached houses houses are smaller than 7 GERALD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 GERALD CLOSE: Plot and Title Map

7 GERALD CLOSE sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of 7 GERALD 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 GERALD 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 GERALD CLOSE?

7 GERALD CLOSE is located in NORWICH, in the NR1 postcode district. The below map shows the position of No. 7 on GERALD CLOSE.