7, HOMESTEAD CLOSE, LINGWOOD, NORWICH, NR13 4AT - £310,000

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 HOMESTEAD CLOSE is a midsized detached house of 105m², built sometime between 1967 and 1975. It was last sold for £310,000 in August 2018, which was around 7% below the average August 2018 detached price in the Broadland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was C.

7 HOMESTEAD CLOSE Sold Prices

Land registry data shows three sales for 7 HOMESTEAD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three 7 HOMESTEAD 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
2018 7 AUG	£310,000	£332,179	7% below HPI
1999 29 JAN	£83,000	£84,999	2% below HPI
1996 12 JUN	£65,500	£71,630	9% below HPI

7 HOMESTEAD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three 7 HOMESTEAD CLOSE sales between June 1996 and August 2018 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 January 1999 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the August 2018 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 7 HOMESTEAD CLOSE?

7 HOMESTEAD CLOSE is 105m² according to the EPC inspection conducted in May 2018. This puts it in the largest 50% of detached houses in Lingwood, based on EPC data. The below chart shows the distribution of detached houses by size in Lingwood, and where 7 HOMESTEAD CLOSE lies on this distribution: 51% of detached houses are smaller than 7 HOMESTEAD CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Lingwood.

7 HOMESTEAD CLOSE: Plot and Title Map

7 HOMESTEAD CLOSE sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of 7 HOMESTEAD 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 HOMESTEAD 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 HOMESTEAD CLOSE?

7 HOMESTEAD CLOSE is located in LINGWOOD, in the NR13 postcode district. The below map shows the position of No. 7 on HOMESTEAD CLOSE.