1, MILLS CLOSE, TAVERHAM, NORWICH, NR8 6QX - £360,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MILLS CLOSE is a midsized detached house of 112m², built sometime between 1967 and 1975. It was last sold for £360,000 in June 2022, which was around 12% below the average June 2022 detached price in the Broadland local authority area. The most recent EPC inspection was January 2013, where the current energy rating was E, and the potential energy rating was C.

1 MILLS CLOSE Sold Prices

Land registry data shows three sales for 1 MILLS 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 Broadland local authority area for the corresponding sale date. All of the three 1 MILLS 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 JUN	£360,000	£408,821	12% below HPI
2013 19 JUL	£235,000	£247,702	5% below HPI
1997 26 SEP	£64,950	£82,123	21% below HPI

1 MILLS 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 three 1 MILLS CLOSE sales between September 1997 and June 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 July 2013 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 1 MILLS CLOSE?

1 MILLS CLOSE is 112m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 50% of detached houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses by size in Taverham, and where 1 MILLS CLOSE lies on this distribution: 48% of detached houses are smaller than 1 MILLS CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Taverham.

1 MILLS CLOSE: Plot and Title Map

1 MILLS CLOSE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 1 MILLS 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 1 MILLS 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 1 MILLS CLOSE?

1 MILLS CLOSE is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 1 on MILLS CLOSE.