9, REDMERE CLOSE, FRETTENHAM, NORWICH, NR12 7LN - £405,000

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

9 REDMERE CLOSE is a midsized detached house of 112m², built sometime between 1950 and 1966, which could now be worth an estimated £401,753. It was last sold for £405,000 in November 2024, which was around 5% below the average November 2024 detached price in the Broadland local authority area. The most recent EPC inspection was June 2024, where the current energy rating was E, and the potential energy rating was C.

9 REDMERE CLOSE Sold Prices

Land registry data shows two sales for 9 REDMERE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two 9 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
2024 29 NOV	£405,000	£426,969	5% below HPI
2001 2 JUL	£26,000	£131,120	80% below HPI

9 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 two 9 REDMERE CLOSE sales from July 2001 and November 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 July 2001 sale was for 80% below the HPI. So the extrapolation line tracks at 80% below the HPI over time, until the November 2024 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 9 REDMERE CLOSE be worth now?

9 REDMERE CLOSE might now be worth an estimated £401,753.

This is based on house price deflation of 0.8%, between November 2024 and February 2025, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.8% deflationary decrease is applied to the most recent sale price for 9 REDMERE CLOSE of £405,000 on 29th November 2024. For the value to have decreased from £405,000 to £401,753 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 9 REDMERE CLOSE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The November 2024 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 9 REDMERE CLOSE has not materially changed since November 2024.

How Large is 9 REDMERE CLOSE?

9 REDMERE CLOSE is 112m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 50% of detached houses houses in Frettenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Frettenham, and where 9 REDMERE CLOSE lies on this distribution: 43% of detached houses houses are smaller than 9 REDMERE CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Frettenham.

9 REDMERE CLOSE: Plot and Title Map

9 REDMERE CLOSE sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 9 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 9 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 9 REDMERE CLOSE?

9 REDMERE CLOSE is located in FRETTENHAM, in the NR12 postcode district. The below map shows the position of No. 9 on REDMERE CLOSE.