8, OLIVE CLOSE, NORWICH, NR5 0AR - £395,000

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 OLIVE CLOSE is a large extended detached house of 133m², built sometime between 1967 and 1975. It was last sold for £395,000 in May 2022, which was around 1% below the average May 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

8 OLIVE CLOSE Sold Prices

Land registry data shows three sales for 8 OLIVE 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. Two of the three 8 OLIVE 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
2022 4 MAY	£395,000	£400,914	1% below HPI
2012 12 MAR	£235,000	£226,302	4% above HPI
2001 20 JUL	£92,500	£131,477	30% below HPI

8 OLIVE 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 OLIVE CLOSE sales between July 2001 and May 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 March 2012 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the May 2022 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 8 OLIVE CLOSE?

8 OLIVE CLOSE is 133m², which includes one extension, according to the EPC inspection conducted in January 2022. 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 OLIVE CLOSE lies on this distribution: 72% of detached houses are smaller than 8 OLIVE CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Norwich.

8 OLIVE CLOSE: Plot and Title Map

8 OLIVE CLOSE sits on a plot of roughly 0.131 of an acre, or 532m². The below map shows the location of 8 OLIVE 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 OLIVE 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 OLIVE CLOSE?

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