7, KNIPE CLOSE, TACOLNESTON, NORWICH, NR16 1BX - £311,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 KNIPE CLOSE is a very small detached house of 67m², built sometime between 1967 and 1975, which could now be worth an estimated £324,464. It was last sold for £311,000 in May 2022, which was around 25% below the average May 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was October 2024, where the current energy rating was C, and the potential energy rating was B.

7 KNIPE CLOSE Sold Prices

Land registry data shows two sales for 7 KNIPE 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 KNIPE 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
2022 13 MAY	£311,000	£413,478	25% below HPI
2021 12 NOV	£240,000	£402,276	40% below HPI

7 KNIPE 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 KNIPE CLOSE sales from November 2021 and May 2022 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 November 2021 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 7 KNIPE CLOSE be worth now?

7 KNIPE CLOSE might now be worth an estimated £324,464.

This is based on house price inflation of 4.3%, between May 2022 and December 2024, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.3% inflationary increase is applied to the most recent sale price for 7 KNIPE CLOSE of £311,000 on 13th May 2022. For the value to have increased from £311,000 to £324,464 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 7 KNIPE CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The May 2022 sale price of £311,000 represented a fair market value for the property.
• The size, condition, and specification of 7 KNIPE CLOSE has not materially changed since May 2022.

How Large is 7 KNIPE CLOSE?

7 KNIPE CLOSE is 67m² according to the EPC inspection conducted in October 2024. This puts it in the smallest 20% of detached houses houses in Tacolneston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tacolneston, and where 7 KNIPE CLOSE lies on this distribution: 18% of detached houses houses are smaller than 7 KNIPE CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Tacolneston.

7 KNIPE CLOSE: Plot and Title Map

7 KNIPE CLOSE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of 7 KNIPE 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 KNIPE 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 KNIPE CLOSE?

7 KNIPE CLOSE is located in TACOLNESTON, in the NR16 postcode district. The below map shows the position of No. 7 on KNIPE CLOSE.