8, GRAND CLOSE, SCARNING, DEREHAM, NR19 2SZ - £340,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 GRAND CLOSE is a large extended detached house of 136m², built sometime between 1991 and 1995, which could now be worth an estimated £368,397. It was last sold for £340,000 in November 2021, which was around 1% below the average November 2021 detached price in the Breckland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

8 GRAND CLOSE Sold Prices

Land registry data shows three sales for 8 GRAND 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 Breckland local authority area for the corresponding sale date. Two of the three 8 GRAND CLOSE sales were for below the average price, whilst one was for above 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 12 NOV	£340,000	£341,876	1% below HPI
2016 27 MAY	£255,000	£267,621	5% below HPI
1999 4 JAN	£80,000	£78,472	2% above HPI

8 GRAND CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three 8 GRAND CLOSE sales between January 1999 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 May 2016 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2021 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 8 GRAND CLOSE be worth now?

8 GRAND CLOSE might now be worth an estimated £368,397.

This is based on house price inflation of 8.4%, between November 2021 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.4% inflationary increase is applied to the most recent sale price for 8 GRAND CLOSE of £340,000 on 12th November 2021. For the value to have increased from £340,000 to £368,397 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 GRAND CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRAND CLOSE has not materially changed since November 2021.

How Large is 8 GRAND CLOSE?

8 GRAND CLOSE is 136m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 30% of detached houses houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dereham, and where 8 GRAND CLOSE lies on this distribution: 74% of detached houses houses are smaller than 8 GRAND CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Dereham.

8 GRAND CLOSE: Plot and Title Map

8 GRAND CLOSE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 8 GRAND 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 GRAND 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 GRAND CLOSE?

8 GRAND CLOSE is located in SCARNING, in the NR19 postcode district. The below map shows the position of No. 8 on GRAND CLOSE.