12A, MILL CLOSE, HICKLING, NORWICH, NR12 0YT - £260,000

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

12A MILL CLOSE is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £260,000 in February 2022, which was around 39% below the average February 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was B.

12A MILL CLOSE Sold Prices

Land registry data shows four sales for 12A MILL 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 12A MILL 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
2022 8 FEB	£260,000	£426,083	39% below HPI
2019 29 MAR	£205,000	£347,563	41% below HPI
2017 31 MAY	£180,000	£315,797	43% below HPI
2009 30 NOV	£104,000	£236,209	56% below HPI

12A MILL 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 12A MILL CLOSE sales between November 2009 and February 2022 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 March 2019 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2022 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 12A MILL CLOSE?

12A MILL CLOSE is 70m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% of detached houses in Hickling, based on EPC data. The below chart shows the distribution of detached houses by size in Hickling, and where 12A MILL CLOSE lies on this distribution: 4% of detached houses are smaller than 12A MILL CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Hickling.

12A MILL CLOSE: Plot and Title Map

12A MILL CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 12A MILL 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 12A MILL 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 12A MILL CLOSE?

12A MILL CLOSE is located in HICKLING, in the NR12 postcode district. The below map shows the position of No. 12A on MILL CLOSE.