12, GORSE CLOSE, MUNDESLEY, NORWICH, NR11 8JZ - £282,000

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

12 GORSE CLOSE is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £282,000 in October 2017, which was around 16% below the average October 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

12 GORSE CLOSE Sold Prices

Land registry data shows two sales for 12 GORSE CLOSE 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 12 GORSE 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
2017 20 OCT	£282,000	£335,936	16% below HPI
2016 2 SEP	£200,000	£309,333	35% below HPI

12 GORSE 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 two 12 GORSE CLOSE sales from September 2016 and October 2017 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 September 2016 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2017 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 12 GORSE CLOSE?

12 GORSE CLOSE is 74m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 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 12 GORSE CLOSE lies on this distribution: 14% of detached houses are smaller than 12 GORSE CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

12 GORSE CLOSE: Plot and Title Map

12 GORSE CLOSE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 12 GORSE 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 12 GORSE 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 12 GORSE CLOSE?

12 GORSE CLOSE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 12 on GORSE CLOSE.