8, FREEMAN CLOSE, LODDON, NORWICH, NR14 6UD - £237,500

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 FREEMAN CLOSE is a very small extended detached house of 87m², built sometime between 1991 and 1995, which could now be worth an estimated £299,403. It was last sold for £237,500 in May 2019, which was around 32% below the average May 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was B.

8 FREEMAN CLOSE Sold Prices

Land registry data shows three sales for 8 FREEMAN 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 South Norfolk local authority area for the corresponding sale date. All of the three 8 FREEMAN 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
2019 2 MAY	£237,500	£349,103	32% below HPI
2015 1 APR	£186,300	£276,308	33% below HPI
2007 6 JUL	£195,000	£261,831	26% below HPI

8 FREEMAN 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 three 8 FREEMAN CLOSE sales between July 2007 and May 2019 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 April 2015 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2019 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 8 FREEMAN CLOSE be worth now?

8 FREEMAN CLOSE might now be worth an estimated £299,403.

This is based on house price inflation of 26.1%, between May 2019 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 26.1% inflationary increase is applied to the most recent sale price for 8 FREEMAN CLOSE of £237,500 on 2nd May 2019. For the value to have increased from £237,500 to £299,403 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 8 FREEMAN CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The May 2019 sale price of £237,500 represented a fair market value for the property.
• The size, condition, and specification of 8 FREEMAN CLOSE has not materially changed since May 2019.

How Large is 8 FREEMAN CLOSE?

8 FREEMAN CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in December 2018. This puts it in the smallest 20% of detached houses houses in Loddon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loddon, and where 8 FREEMAN CLOSE lies on this distribution: 16% of detached houses houses are smaller than 8 FREEMAN CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Loddon.

8 FREEMAN CLOSE: Plot and Title Map

8 FREEMAN CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 8 FREEMAN 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 FREEMAN 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 FREEMAN CLOSE?

8 FREEMAN CLOSE is located in LODDON, in the NR14 postcode district. The below map shows the position of No. 8 on FREEMAN CLOSE.