11, TEXEL WAY, MUNDESLEY, NORWICH, NR11 8DP - £235,000

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

11 TEXEL WAY is a small detached house of 78m², built sometime between 1976 and 1982. It was last sold for £235,000 in March 2024, which was around 45% below the average March 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2023, where the current energy rating was E, and the potential energy rating was B.

11 TEXEL WAY Sold Prices

Land registry data shows two sales for 11 TEXEL WAY 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 11 TEXEL WAY 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
2024 25 MAR	£235,000	£430,073	45% below HPI
2001 27 APR	£92,500	£115,807	20% below HPI

11 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 two 11 TEXEL WAY sales from April 2001 and March 2024 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 April 2001 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2024 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 11 TEXEL WAY?

11 TEXEL WAY is 78m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 30% of detached houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses by size in Mundesley, and where 11 TEXEL WAY lies on this distribution: 22% of detached houses are smaller than 11 TEXEL WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

11 TEXEL WAY: Plot and Title Map

11 TEXEL WAY sits on a plot of roughly 0.166 of an acre, or 670m². The below map shows the location of 11 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 11 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 11 TEXEL WAY?

11 TEXEL WAY is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 11 on TEXEL WAY.