12, MILLS CLOSE, TAVERHAM, NORWICH, NR8 6QX - £340,000

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

12 MILLS CLOSE is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £340,000 in September 2023, which was around 17% below the average September 2023 detached price in the Broadland local authority area. The most recent EPC inspection was June 2021, where the current energy rating was E, and the potential energy rating was C.

12 MILLS CLOSE Sold Prices

Land registry data shows two sales for 12 MILLS 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 Broadland local authority area for the corresponding sale date. Both of the two 12 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
2023 20 SEP	£340,000	£407,249	17% below HPI
1998 16 NOV	£69,950	£85,178	18% below HPI

12 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 two 12 MILLS CLOSE sales from November 1998 and September 2023 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 November 1998 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 12 MILLS CLOSE?

12 MILLS CLOSE is 75m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of detached houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses by size in Taverham, and where 12 MILLS CLOSE lies on this distribution: 6% of detached houses are smaller than 12 MILLS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Taverham.

12 MILLS CLOSE: Plot and Title Map

12 MILLS CLOSE sits on a plot of roughly 0.131 of an acre, or 528m². The below map shows the location of 12 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 12 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 12 MILLS CLOSE?

12 MILLS CLOSE is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 12 on MILLS CLOSE.