8, MEADOW CLOSE, NEW COSTESSEY, NORWICH, NR5 0ND - £180,000

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 MEADOW CLOSE is a small extended detached house of 82m², built sometime between 1976 and 1982. It was last sold for £180,000 in October 2014, which was around 35% below the average October 2014 detached price in the South Norfolk local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was C.

8 MEADOW CLOSE Sold Prices

Land registry data shows three sales for 8 MEADOW 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 MEADOW 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
2014 31 OCT	£180,000	£276,824	35% below HPI
2012 28 MAR	£185,000	£226,302	18% below HPI
1999 22 JUL	£69,000	£93,122	26% below HPI

8 MEADOW 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 MEADOW CLOSE sales between July 1999 and October 2014 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 March 2012 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2014 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 8 MEADOW CLOSE?

8 MEADOW CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the smallest 20% 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 MEADOW CLOSE lies on this distribution: 20% of detached houses are smaller than 8 MEADOW CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Norwich.

8 MEADOW CLOSE: Plot and Title Map

8 MEADOW CLOSE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 8 MEADOW 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 MEADOW 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 MEADOW CLOSE?

8 MEADOW CLOSE is located in NEW COSTESSEY, in the NR5 postcode district. The below map shows the position of No. 8 on MEADOW CLOSE.