8, STAN PETERSEN CLOSE, NORWICH, NR1 4QJ - £515,000

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 STAN PETERSEN CLOSE is a large extended detached house of 145m², built sometime between 1996 and 2002, which could now be worth an estimated £591,889. It was last sold for £515,000 in October 2020, which was around 28% above the average October 2020 detached price in the Norwich local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

8 STAN PETERSEN CLOSE Sold Prices

Land registry data shows four sales for 8 STAN PETERSEN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. All of the four 8 STAN PETERSEN CLOSE sales were 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
2020 27 OCT	£515,000	£403,715	28% above HPI
2018 12 APR	£460,000	£383,278	20% above HPI
2008 16 JUN	£325,000	£281,819	15% above HPI
1999 21 OCT	£130,000	£105,676	23% above HPI

8 STAN PETERSEN 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 four 8 STAN PETERSEN CLOSE sales between October 1999 and October 2020 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 April 2018 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the October 2020 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 8 STAN PETERSEN CLOSE be worth now?

8 STAN PETERSEN CLOSE might now be worth an estimated £591,889.

This is based on house price inflation of 14.9%, between October 2020 and December 2024, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.9% inflationary increase is applied to the most recent sale price for 8 STAN PETERSEN CLOSE of £515,000 on 27th October 2020. For the value to have increased from £515,000 to £591,889 over the three years and ten months to December 2024, the following assumptions must hold true:

• The value of 8 STAN PETERSEN CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The October 2020 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 8 STAN PETERSEN CLOSE has not materially changed since October 2020.

How Large is 8 STAN PETERSEN CLOSE?

8 STAN PETERSEN CLOSE is 145m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the largest 30% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 8 STAN PETERSEN CLOSE lies on this distribution: 79% of detached houses houses are smaller than 8 STAN PETERSEN CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Norwich.

8 STAN PETERSEN CLOSE: Plot and Title Map

8 STAN PETERSEN CLOSE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 8 STAN PETERSEN 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 STAN PETERSEN 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 STAN PETERSEN CLOSE?

8 STAN PETERSEN CLOSE is located in NORWICH, in the NR1 postcode district. The below map shows the position of No. 8 on STAN PETERSEN CLOSE.