1, ORCHARD CLOSE, MUNDESLEY, NORWICH, NR11 8AZ - £245,000

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 ORCHARD CLOSE is a very small detached house of 55m², built sometime between 1996 and 2002. It was last sold for £245,000 in December 2020, which was around 36% below the average December 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

1 ORCHARD CLOSE Sold Prices

Land registry data shows four sales for 1 ORCHARD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four 1 ORCHARD 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
2020 14 DEC	£245,000	£382,434	36% below HPI
2016 9 DEC	£215,000	£310,908	31% below HPI
2015 28 APR	£186,000	£273,039	32% below HPI
2001 11 MAY	£82,000	£117,625	30% below HPI

1 ORCHARD 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 four 1 ORCHARD CLOSE sales between May 2001 and December 2020 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 December 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2020 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 1 ORCHARD CLOSE?

1 ORCHARD CLOSE is 55m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% 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 ORCHARD CLOSE lies on this distribution: 4% of detached houses are smaller than 1 ORCHARD CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

1 ORCHARD CLOSE: Plot and Title Map

1 ORCHARD CLOSE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 1 ORCHARD 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 ORCHARD 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 ORCHARD CLOSE?

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