1, HEATH LANE, MUNDESLEY, NORWICH, NR11 8JP - £220,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 HEATH LANE is a midsized extended detached house of 92m², built sometime between 1976 and 1982. It was last sold for £220,000 in June 2011, which was around 8% below the average June 2011 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2011, where the current energy rating was E, and the potential energy rating was D.

1 HEATH LANE Sold Prices

Land registry data shows two sales for 1 HEATH LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two 1 HEATH LANE 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
2011 17 JUN	£220,000	£238,485	8% below HPI
2006 23 JUN	£165,000	£227,316	27% below HPI

1 HEATH LANE 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 two 1 HEATH LANE sales from June 2006 and June 2011 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 June 2006 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2011 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 1 HEATH LANE?

1 HEATH LANE is 92m², which includes one extension, according to the EPC inspection conducted in January 2011. This puts it in the smallest 50% of detached houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses by size in Mundesley, and where 1 HEATH LANE lies on this distribution: 41% of detached houses are smaller than 1 HEATH LANE, and 59% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

1 HEATH LANE: Plot and Title Map

1 HEATH LANE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 1 HEATH LANE, 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 1 HEATH LANE). 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 1 HEATH LANE?

1 HEATH LANE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 1 on HEATH LANE.