8, CROMES OAK CLOSE, PORINGLAND, NORWICH, NR14 7JY - £405,000

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 CROMES OAK CLOSE is a midsized extended detached house of 129m², built sometime between 1967 and 1975, which could now be worth an estimated £410,736. It was last sold for £405,000 in December 2022, which was around 7% below the average December 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

8 CROMES OAK CLOSE Sold Prices

Land registry data shows two sales for 8 CROMES OAK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two 8 CROMES OAK 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 19 DEC	£405,000	£433,949	7% below HPI
2018 29 MAY	£325,000	£341,082	5% below HPI

8 CROMES OAK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 8 CROMES OAK CLOSE sales from May 2018 and December 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 May 2018 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2022 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 8 CROMES OAK CLOSE be worth now?

8 CROMES OAK CLOSE might now be worth an estimated £410,736.

This is based on house price inflation of 1.4%, between December 2022 and February 2025, for 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 1.4% inflationary increase is applied to the most recent sale price for 8 CROMES OAK CLOSE of £405,000 on 19th December 2022. For the value to have increased from £405,000 to £410,736 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 CROMES OAK CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The December 2022 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CROMES OAK CLOSE has not materially changed since December 2022.

How Large is 8 CROMES OAK CLOSE?

8 CROMES OAK CLOSE is 129m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the largest 50% of detached houses houses in Poringland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Poringland, and where 8 CROMES OAK CLOSE lies on this distribution: 53% of detached houses houses are smaller than 8 CROMES OAK CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Poringland.

8 CROMES OAK CLOSE: Plot and Title Map

8 CROMES OAK CLOSE sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 8 CROMES OAK 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 CROMES OAK 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 CROMES OAK CLOSE?

8 CROMES OAK CLOSE is located in PORINGLAND, in the NR14 postcode district. The below map shows the position of No. 8 on CROMES OAK CLOSE.