16, TEXEL WAY, MUNDESLEY, NORWICH, NR11 8DP - £185,000

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

16 TEXEL WAY is a very small detached house of 51m², built sometime between 1967 and 1975. It was last sold for £185,000 in August 2013, which was around 25% below the average August 2013 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

16 TEXEL WAY Sold Prices

Land registry data shows three sales for 16 TEXEL 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 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
2013 21 AUG	£185,000	£245,815	25% below HPI
2013 12 FEB	£142,000	£238,584	40% below HPI
1997 21 FEB	£49,500	£71,484	31% below HPI

16 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 three 16 TEXEL WAY sales between February 1997 and August 2013 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 February 2013 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2013 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 16 TEXEL WAY?

16 TEXEL WAY is 51m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of detached houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses by size in Mundesley, and where 16 TEXEL WAY lies on this distribution: 1% of detached houses are smaller than 16 TEXEL WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

16 TEXEL WAY: Plot and Title Map

16 TEXEL WAY sits on a plot of roughly 0.185 of an acre, or 747m². The below map shows the location of 16 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 16 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 16 TEXEL WAY?

16 TEXEL WAY is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 16 on TEXEL WAY.