7, HERCULES CLOSE, NORWICH, NR6 5HL - £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 HERCULES CLOSE is a very small semi-detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £266,517. It was last sold for £225,000 in November 2020, which was around 3% below the average November 2020 semi-detached price in the Broadland local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

7 HERCULES CLOSE Sold Prices

Land registry data shows four sales for 7 HERCULES CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Broadland local authority area for the corresponding sale date. Most of the four 7 HERCULES 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
2020 20 NOV	£225,000	£232,118	3% below HPI
2013 8 AUG	£195,000	£164,147	19% above HPI
2005 1 DEC	£165,000	£147,216	12% above HPI
2000 20 SEP	£75,000	£73,110	3% above HPI

7 HERCULES CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Broadland local authority area over time, sourced from the HPI. The four 7 HERCULES CLOSE sales between September 2000 and November 2020 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 August 2013 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the November 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 7 HERCULES CLOSE be worth now?

7 HERCULES CLOSE might now be worth an estimated £266,517.

This is based on house price inflation of 18.5%, between November 2020 and February 2025, for semi-detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.5% inflationary increase is applied to the most recent sale price for 7 HERCULES CLOSE of £225,000 on 20th November 2020. For the value to have increased from £225,000 to £266,517 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 HERCULES CLOSE has moved in line with the HPI for semi-detached houses in the Broadland local authority area.
• The November 2020 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HERCULES CLOSE has not materially changed since November 2020.

How Large is 7 HERCULES CLOSE?

7 HERCULES CLOSE is 77m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 20% of semi-detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Norwich, and where 7 HERCULES CLOSE lies on this distribution: 15% of semi-detached houses houses are smaller than 7 HERCULES CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 HERCULES CLOSE: Plot and Title Map

7 HERCULES CLOSE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 7 HERCULES 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 HERCULES 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 HERCULES CLOSE?

7 HERCULES CLOSE is located in NORWICH, in the NR6 postcode district. The below map shows the position of No. 7 on HERCULES CLOSE.