48, MALSTERS CLOSE, MUNDFORD, THETFORD, IP26 5HJ - £220,000

48 MALSTERS CLOSE is a small detached house of 81m², built sometime between 1976 and 1982. It was last sold for £220,000 in February 2022, which was around 39% below the average February 2022 detached price in the Breckland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

48 MALSTERS CLOSE Sold Prices

Land registry data shows six sales for 48 MALSTERS CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the six 48 MALSTERS 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
2022 16 FEB	£220,000	£359,594	39% below HPI
2003 28 FEB	£122,000	£159,124	23% below HPI
2001 22 JUN	£80,000	£112,666	29% below HPI
1998 18 DEC	£59,250	£78,023	24% below HPI
1997 2 MAY	£52,500	£67,559	22% below HPI
1996 26 APR	£43,500	£65,468	34% below HPI

48 MALSTERS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The six 48 MALSTERS CLOSE sales between April 1996 and February 2022 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 February 2003 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2022 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 48 MALSTERS CLOSE?

48 MALSTERS CLOSE is 81m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 30% of detached houses in Mundford, based on EPC data. The below chart shows the distribution of detached houses by size in Mundford, and where 48 MALSTERS CLOSE lies on this distribution: 24% of detached houses are smaller than 48 MALSTERS CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Mundford.

48 MALSTERS CLOSE: Plot and Title Map

48 MALSTERS CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 48 MALSTERS 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 48 MALSTERS 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 48 MALSTERS CLOSE?

48 MALSTERS CLOSE is located in MUNDFORD, in the IP26 postcode district. The below map shows the position of No. 48 on MALSTERS CLOSE.