1, TEXEL WAY, MUNDESLEY, NORWICH, NR11 8DP - £295,000

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 TEXEL WAY is a very large extended detached house of 168m², built sometime between 1976 and 1982. It was last sold for £295,000 in December 2013, which was around 18% above the average December 2013 detached price in the North Norfolk local authority area. The most recent EPC inspection was December 2010, where the current energy rating was D, and the potential energy rating was C.

1 TEXEL WAY Sold Prices

Land registry data shows three sales for 1 TEXEL WAY 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. Two of the three 1 TEXEL WAY sales were for above the average price, whilst one was 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
2013 3 DEC	£295,000	£249,097	18% above HPI
2002 18 JUN	£142,000	£155,211	9% below HPI
2001 28 JUN	£125,000	£122,606	2% above HPI

1 TEXEL WAY 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 1 TEXEL WAY sales between June 2001 and December 2013 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 2002 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2013 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 1 TEXEL WAY?

1 TEXEL WAY is 168m², which includes two extensions, according to the EPC inspection conducted in December 2010. This puts it in the largest 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 1 TEXEL WAY lies on this distribution: 88% of detached houses are smaller than 1 TEXEL WAY, and 12% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

1 TEXEL WAY: Plot and Title Map

1 TEXEL WAY sits on a plot of roughly 0.272 of an acre, or 1,099m². The below map shows the location of 1 TEXEL WAY, 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 TEXEL WAY). 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 TEXEL WAY?

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