7, GLEBE CLOSE, LONG STRATTON, NORWICH, NR15 2TZ - £167,500

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 GLEBE CLOSE is a very small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £167,500 in May 2014, which was around 34% below the average May 2014 detached price in the South Norfolk local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

7 GLEBE CLOSE Sold Prices

Land registry data shows two sales for 7 GLEBE 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 GLEBE 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
2014 19 MAY	£167,500	£253,768	34% below HPI
2010 15 JUL	£115,000	£239,995	52% below HPI

7 GLEBE 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 GLEBE CLOSE sales from July 2010 and May 2014 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 2010 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the May 2014 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 7 GLEBE CLOSE?

7 GLEBE CLOSE is 70m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of detached houses in Long Stratton, based on EPC data. The below chart shows the distribution of detached houses by size in Long Stratton, and where 7 GLEBE CLOSE lies on this distribution: 8% of detached houses are smaller than 7 GLEBE CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Long Stratton.

7 GLEBE CLOSE: Plot and Title Map

7 GLEBE CLOSE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 7 GLEBE 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 GLEBE 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 GLEBE CLOSE?

7 GLEBE CLOSE is located in LONG STRATTON, in the NR15 postcode district. The below map shows the position of No. 7 on GLEBE CLOSE.