16, MAYFIELD WAY, NORTH WALSHAM, NR28 0DQ - £220,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 MAYFIELD WAY is a small detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £310,856. It was last sold for £220,000 in December 2015, which was around 26% below the average December 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

16 MAYFIELD WAY Sold Prices

Land registry data shows three sales for 16 MAYFIELD 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. All of the three 16 MAYFIELD 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
2015 11 DEC	£220,000	£297,869	26% below HPI
1998 6 OCT	£77,950	£84,472	8% below HPI
1997 29 DEC	£75,000	£80,161	6% below HPI

16 MAYFIELD 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 16 MAYFIELD WAY sales between December 1997 and December 2015 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 October 1998 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2015 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 16 MAYFIELD WAY be worth now?

16 MAYFIELD WAY might now be worth an estimated £310,856.

This is based on house price inflation of 41.3%, between December 2015 and December 2024, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.3% inflationary increase is applied to the most recent sale price for 16 MAYFIELD WAY of £220,000 on 11th December 2015. For the value to have increased from £220,000 to £310,856 over the nine years to December 2024, the following assumptions must hold true:

• The value of 16 MAYFIELD WAY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The December 2015 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MAYFIELD WAY has not materially changed since December 2015.

How Large is 16 MAYFIELD WAY?

16 MAYFIELD WAY is 83m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 30% of detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 16 MAYFIELD WAY lies on this distribution: 28% of detached houses houses are smaller than 16 MAYFIELD WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

16 MAYFIELD WAY: Plot and Title Map

16 MAYFIELD WAY sits on a plot of roughly 0.160 of an acre, or 649m². The below map shows the location of 16 MAYFIELD 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 16 MAYFIELD 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 16 MAYFIELD WAY?

16 MAYFIELD WAY is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 16 on MAYFIELD WAY.