7, RIMER CLOSE, NORWICH, NR5 9HZ - £235,000

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 RIMER CLOSE is a midsized detached house of 116m², built sometime between 2003 and 2006, which could now be worth an estimated £363,810. It was last sold for £235,000 in January 2014, which was around 21% below the average January 2014 detached price in the Norwich local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

7 RIMER CLOSE Sold Prices

Land registry data shows four sales for 7 RIMER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. All of the four 7 RIMER 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
2014 15 JAN	£235,000	£298,476	21% below HPI
2010 29 OCT	£195,000	£266,512	27% below HPI
2007 5 APR	£230,000	£281,871	18% below HPI
2003 10 NOV	£185,000	£217,248	15% below HPI

7 RIMER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The four 7 RIMER CLOSE sales between November 2003 and January 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 October 2010 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2014 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 7 RIMER CLOSE be worth now?

7 RIMER CLOSE might now be worth an estimated £363,810.

This is based on house price inflation of 54.8%, between January 2014 and February 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54.8% inflationary increase is applied to the most recent sale price for 7 RIMER CLOSE of £235,000 on 15th January 2014. For the value to have increased from £235,000 to £363,810 over the ten years and eleven months to February 2025, the following assumptions must hold true:

• The value of 7 RIMER CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The January 2014 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RIMER CLOSE has not materially changed since January 2014.

How Large is 7 RIMER CLOSE?

7 RIMER CLOSE is 116m² according to the EPC inspection conducted in March 2010. This puts it in the largest 50% 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 RIMER CLOSE lies on this distribution: 58% of detached houses houses are smaller than 7 RIMER CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Norwich.

7 RIMER CLOSE: Plot and Title Map

7 RIMER CLOSE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 7 RIMER 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 RIMER 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 RIMER CLOSE?

7 RIMER CLOSE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 7 on RIMER CLOSE.