7, MILL CROFT CLOSE, NEW COSTESSEY, NORWICH, NR5 0ST - £168,500

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 MILL CROFT CLOSE is a small semi-detached house of 95m², built sometime between 1967 and 1975, which could now be worth an estimated £272,433. It was last sold for £168,500 in July 2014, which was around 4% below the average July 2014 semi-detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

7 MILL CROFT CLOSE Sold Prices

Land registry data shows two sales for 7 MILL CROFT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Norfolk local authority area for the corresponding sale date. One of the two 7 MILL CROFT CLOSE sales was for below the average price, whilst the other was 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
2014 3 JUL	£168,500	£175,243	4% below HPI
1995 4 AUG	£47,000	£45,283	4% above HPI

7 MILL CROFT CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 7 MILL CROFT CLOSE sales from August 1995 and July 2014 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 1995 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the July 2014 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 7 MILL CROFT CLOSE be worth now?

7 MILL CROFT CLOSE might now be worth an estimated £272,433.

This is based on house price inflation of 61.7%, between July 2014 and February 2025, for semi-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 61.7% inflationary increase is applied to the most recent sale price for 7 MILL CROFT CLOSE of £168,500 on 3rd July 2014. For the value to have increased from £168,500 to £272,433 over the eleven years and five months to February 2025, the following assumptions must hold true:

• The value of 7 MILL CROFT CLOSE has moved in line with the HPI for semi-detached houses in the South Norfolk local authority area.
• The July 2014 sale price of £168,500 represented a fair market value for the property.
• The size, condition, and specification of 7 MILL CROFT CLOSE has not materially changed since July 2014.

How Large is 7 MILL CROFT CLOSE?

7 MILL CROFT CLOSE is 95m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 40% 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 MILL CROFT CLOSE lies on this distribution: 35% of semi-detached houses houses are smaller than 7 MILL CROFT CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 MILL CROFT CLOSE: Plot and Title Map

7 MILL CROFT CLOSE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 7 MILL CROFT 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 MILL CROFT 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 MILL CROFT CLOSE?

7 MILL CROFT CLOSE is located in NEW COSTESSEY, in the NR5 postcode district. The below map shows the position of No. 7 on MILL CROFT CLOSE.