8, REDMERE CLOSE, FRETTENHAM, NORWICH, NR12 7LN - £50,000

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 REDMERE CLOSE is a midsized detached house of 109m², built sometime between 1976 and 1982. It was last sold for £50,000 in April 2008, which was around 81% below the average April 2008 detached price in the Broadland local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

8 REDMERE CLOSE Sold Prices

Land registry data shows three sales for 8 REDMERE 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 Broadland local authority area for the corresponding sale date. All of the three 8 REDMERE 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
2008 1 APR	£50,000	£258,030	81% below HPI
2001 2 JUL	£26,000	£129,818	80% below HPI
1999 30 JUL	£14,500	£91,667	84% below HPI

8 REDMERE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three 8 REDMERE CLOSE sales between July 1999 and April 2008 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 July 2001 sale was for 80% below the HPI. So the extrapolation line tracks at 80% below the HPI over time, until the April 2008 sale, where it falls to 81% below the HPI. The line then continues to track at 81% below the HPI.

How Large is 8 REDMERE CLOSE?

8 REDMERE CLOSE is 109m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 50% of detached houses in Frettenham, based on EPC data. The below chart shows the distribution of detached houses by size in Frettenham, and where 8 REDMERE CLOSE lies on this distribution: 41% of detached houses are smaller than 8 REDMERE CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Frettenham.

8 REDMERE CLOSE: Plot and Title Map

8 REDMERE CLOSE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 8 REDMERE 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 REDMERE 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 REDMERE CLOSE?

8 REDMERE CLOSE is located in FRETTENHAM, in the NR12 postcode district. The below map shows the position of No. 8 on REDMERE CLOSE.