2, FAIRFIELD CLOSE, MUNDESLEY, NORWICH, NR11 8BZ - £160,000

2 FAIRFIELD CLOSE is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £160,000 in January 2014, which was around 36% below the average January 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

2 FAIRFIELD CLOSE Sold Prices

Land registry data shows three sales for 2 FAIRFIELD 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 2 FAIRFIELD 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
2014 24 JAN	£160,000	£251,110	36% below HPI
2012 24 AUG	£162,500	£234,648	31% below HPI
2004 23 APR	£135,000	£192,678	30% below HPI

2 FAIRFIELD 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 2 FAIRFIELD CLOSE sales between April 2004 and January 2014 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 August 2012 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2014 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 FAIRFIELD CLOSE?

2 FAIRFIELD CLOSE is 70m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses by size in Mundesley, and where 2 FAIRFIELD CLOSE lies on this distribution: 11% of detached houses are smaller than 2 FAIRFIELD CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

2 FAIRFIELD CLOSE: Plot and Title Map

2 FAIRFIELD CLOSE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 2 FAIRFIELD 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 2 FAIRFIELD 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 2 FAIRFIELD CLOSE?

2 FAIRFIELD CLOSE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 2 on FAIRFIELD CLOSE.