9, PETRE CLOSE, NORTH WALSHAM, NR28 0SS - £292,500

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

9 PETRE CLOSE is a midsized detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £288,670. It was last sold for £292,500 in October 2024, which was around 31% below the average October 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

9 PETRE CLOSE Sold Prices

Land registry data shows three sales for 9 PETRE 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 North Norfolk local authority area for the corresponding sale date. All of the three 9 PETRE 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
2024 7 OCT	£292,500	£426,468	31% below HPI
2017 6 APR	£225,000	£319,937	30% below HPI
2004 2 SEP	£169,000	£222,029	24% below HPI

9 PETRE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 9 PETRE CLOSE sales between September 2004 and October 2024 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 2017 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2024 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 9 PETRE CLOSE be worth now?

9 PETRE CLOSE might now be worth an estimated £288,670.

This is based on house price deflation of 1.3%, between October 2024 and December 2024, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% deflationary decrease is applied to the most recent sale price for 9 PETRE CLOSE of £292,500 on 7th October 2024. For the value to have decreased from £292,500 to £288,670 over the ten months to December 2024, the following assumptions must hold true:

• The value of 9 PETRE CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2024 sale price of £292,500 represented a fair market value for the property.
• The size, condition, and specification of 9 PETRE CLOSE has not materially changed since October 2024.

How Large is 9 PETRE CLOSE?

9 PETRE CLOSE is 94m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 50% of detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 9 PETRE CLOSE lies on this distribution: 40% of detached houses houses are smaller than 9 PETRE CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

9 PETRE CLOSE: Plot and Title Map

9 PETRE CLOSE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 9 PETRE 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 9 PETRE 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 9 PETRE CLOSE?

9 PETRE CLOSE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 9 on PETRE CLOSE.