8, LAYER CLOSE, NORWICH, NR5 9NS - £300,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 LAYER CLOSE is a large detached house of 136m², built sometime between 1991 and 1995. It was last sold for £300,000 in October 2018, which was around 22% below the average October 2018 detached price in the Norwich local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

8 LAYER CLOSE Sold Prices

Land registry data shows three sales for 8 LAYER 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 Norwich local authority area for the corresponding sale date. All of the three 8 LAYER 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
2018 11 OCT	£300,000	£384,588	22% below HPI
2002 30 AUG	£134,500	£185,513	27% below HPI
1998 26 JUN	£60,000	£88,483	32% below HPI

8 LAYER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The three 8 LAYER CLOSE sales between June 1998 and October 2018 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 August 2002 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2018 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 8 LAYER CLOSE?

8 LAYER CLOSE is 136m² according to the EPC inspection conducted in August 2023. This puts it in the largest 30% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 8 LAYER CLOSE lies on this distribution: 73% of detached houses are smaller than 8 LAYER CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Norwich.

8 LAYER CLOSE: Plot and Title Map

8 LAYER CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 8 LAYER 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 LAYER 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 LAYER CLOSE?

8 LAYER CLOSE is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 8 on LAYER CLOSE.