7, GRAVELFIELD CLOSE, NORWICH, NR1 4NH - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 GRAVELFIELD CLOSE is a very small detached house of 62m², built sometime between 1967 and 1975. It was last sold for £225,000 in April 2017, which was around 38% below the average April 2017 detached price in the Norwich local authority area. The most recent EPC inspection was March 2016, where the current energy rating was E, and the potential energy rating was B.

7 GRAVELFIELD CLOSE Sold Prices

Land registry data shows two sales for 7 GRAVELFIELD 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 GRAVELFIELD 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
2017 5 APR	£225,000	£363,909	38% below HPI
2016 24 JUN	£180,000	£346,760	48% below HPI

7 GRAVELFIELD 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 GRAVELFIELD CLOSE sales from June 2016 and April 2017 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 June 2016 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the April 2017 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 7 GRAVELFIELD CLOSE?

7 GRAVELFIELD CLOSE is 62m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 7 GRAVELFIELD CLOSE lies on this distribution: 4% of detached houses are smaller than 7 GRAVELFIELD CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 GRAVELFIELD CLOSE: Plot and Title Map

7 GRAVELFIELD CLOSE sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 7 GRAVELFIELD 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 GRAVELFIELD 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 GRAVELFIELD CLOSE?

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