8, BERNARD CLOSE, RACKHEATH, NORWICH, NR13 6QS - £545,000

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.

8 BERNARD CLOSE is a large detached house of 125m², which could now be worth an estimated £539,632. It was last sold for £545,000 in August 2022, which was around 27% above the average August 2022 detached price in the Broadland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

8 BERNARD CLOSE Sold Prices

Land registry data shows three sales for 8 BERNARD 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. One of the three 8 BERNARD CLOSE sales was for above the average price, whilst two 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 11 AUG	£545,000	£427,759	27% above HPI
2019 19 JUL	£150,000	£345,995	57% below HPI
2017 22 DEC	£180,000	£336,426	46% below HPI

8 BERNARD 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 8 BERNARD CLOSE sales between December 2017 and August 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 July 2019 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the August 2022 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 8 BERNARD CLOSE be worth now?

8 BERNARD CLOSE might now be worth an estimated £539,632.

This is based on house price deflation of 1%, between August 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% deflationary decrease is applied to the most recent sale price for 8 BERNARD CLOSE of £545,000 on 11th August 2022. For the value to have decreased from £545,000 to £539,632 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 8 BERNARD CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The August 2022 sale price of £545,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BERNARD CLOSE has not materially changed since August 2022.

How Large is 8 BERNARD CLOSE?

8 BERNARD CLOSE is 125m² according to the EPC inspection conducted in October 2020. This puts it in the largest 40% of detached houses houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rackheath, and where 8 BERNARD CLOSE lies on this distribution: 66% of detached houses houses are smaller than 8 BERNARD CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

8 BERNARD CLOSE: Plot and Title Map

8 BERNARD CLOSE sits on a plot of roughly 0.214 of an acre, or 867m². The below map shows the location of 8 BERNARD 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 8 BERNARD 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 8 BERNARD CLOSE?

8 BERNARD CLOSE is located in RACKHEATH, in the NR13 postcode district. The below map shows the position of No. 8 on BERNARD CLOSE.