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

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 GRAVELFIELD CLOSE is a very small detached house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £277,095. It was last sold for £225,000 in April 2017, which was around 40% 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	£375,206	40% below HPI
2016 24 JUN	£180,000	£357,525	50% 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 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the April 2017 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 7 GRAVELFIELD CLOSE be worth now?

7 GRAVELFIELD CLOSE might now be worth an estimated £277,095.

This is based on house price inflation of 23.2%, between April 2017 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 23.2% inflationary increase is applied to the most recent sale price for 7 GRAVELFIELD CLOSE of £225,000 on 5th April 2017. For the value to have increased from £225,000 to £277,095 over the eight years and two months to February 2025, the following assumptions must hold true:

• The value of 7 GRAVELFIELD CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The April 2017 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GRAVELFIELD CLOSE has not materially changed since April 2017.

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 houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 7 GRAVELFIELD CLOSE lies on this distribution: 4% of detached houses 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.