8, CEDAR CLOSE, MARTHAM, GREAT YARMOUTH, NR29 4SD - £260,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 CEDAR CLOSE is a small extended detached house of 84m², built sometime between 1976 and 1982. It was last sold for £260,000 in November 2021, which was around 14% below the average November 2021 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was C.

8 CEDAR CLOSE Sold Prices

Land registry data shows three sales for 8 CEDAR 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 Great Yarmouth local authority area for the corresponding sale date. All of the three 8 CEDAR 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
2021 30 NOV	£260,000	£301,257	14% below HPI
2006 10 JAN	£138,000	£178,921	23% below HPI
2000 29 SEP	£78,000	£89,774	13% below HPI

8 CEDAR CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The three 8 CEDAR CLOSE sales between September 2000 and November 2021 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 January 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 8 CEDAR CLOSE?

8 CEDAR CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 40% of detached houses in Martham, based on EPC data. The below chart shows the distribution of detached houses by size in Martham, and where 8 CEDAR CLOSE lies on this distribution: 37% of detached houses are smaller than 8 CEDAR CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Martham.

8 CEDAR CLOSE: Plot and Title Map

8 CEDAR CLOSE sits on a plot of roughly 0.078 of an acre, or 318m². The below map shows the location of 8 CEDAR 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 CEDAR 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 CEDAR CLOSE?

8 CEDAR CLOSE is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 8 on CEDAR CLOSE.