7, NEWCASTLE CLOSE, NORWICH, NR7 0TJ - £307,000

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 NEWCASTLE CLOSE is a small detached house of 87m², built sometime between 1983 and 1990, which could now be worth an estimated £302,470. It was last sold for £307,000 in October 2022, which was around 29% below the average October 2022 detached price in the Broadland local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

7 NEWCASTLE CLOSE Sold Prices

Land registry data shows three sales for 7 NEWCASTLE 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 NEWCASTLE 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 24 OCT	£307,000	£429,889	29% below HPI
2006 17 AUG	£180,000	£237,885	24% below HPI
1995 11 OCT	£61,000	£75,425	19% below HPI

7 NEWCASTLE 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 NEWCASTLE CLOSE sales between October 1995 and October 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 August 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 7 NEWCASTLE CLOSE be worth now?

7 NEWCASTLE CLOSE might now be worth an estimated £302,470.

This is based on house price deflation of 1.5%, between October 2022 and February 2025, for 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 1.5% deflationary decrease is applied to the most recent sale price for 7 NEWCASTLE CLOSE of £307,000 on 24th October 2022. For the value to have decreased from £307,000 to £302,470 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 NEWCASTLE CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The October 2022 sale price of £307,000 represented a fair market value for the property.
• The size, condition, and specification of 7 NEWCASTLE CLOSE has not materially changed since October 2022.

How Large is 7 NEWCASTLE CLOSE?

7 NEWCASTLE CLOSE is 87m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% 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 NEWCASTLE CLOSE lies on this distribution: 26% of detached houses houses are smaller than 7 NEWCASTLE CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 NEWCASTLE CLOSE: Plot and Title Map

7 NEWCASTLE CLOSE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 7 NEWCASTLE 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 NEWCASTLE 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 NEWCASTLE CLOSE?

7 NEWCASTLE CLOSE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 7 on NEWCASTLE CLOSE.