2, NELSON WAY, MUNDESLEY, NORWICH, NR11 8JD - £230,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 NELSON WAY is a very large extended detached house of 153m², built sometime between 1991 and 1995, which could now be worth an estimated £359,428. It was last sold for £230,000 in April 2015, which was around 17% below the average April 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

2 NELSON WAY Sold Prices

Land registry data shows two sales for 2 NELSON WAY 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 2 NELSON 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 15 APR	£230,000	£275,682	17% below HPI
2007 27 SEP	£250,000	£257,263	3% below HPI

2 NELSON 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 two 2 NELSON WAY sales from September 2007 and April 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 September 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the April 2015 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 NELSON WAY be worth now?

2 NELSON WAY might now be worth an estimated £359,428.

This is based on house price inflation of 56.3%, between April 2015 and February 2025, 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 56.3% inflationary increase is applied to the most recent sale price for 2 NELSON WAY of £230,000 on 15th April 2015. For the value to have increased from £230,000 to £359,428 over the ten years and two months to February 2025, the following assumptions must hold true:

• The value of 2 NELSON WAY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The April 2015 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NELSON WAY has not materially changed since April 2015.

How Large is 2 NELSON WAY?

2 NELSON WAY is 153m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the largest 20% of detached houses houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mundesley, and where 2 NELSON WAY lies on this distribution: 81% of detached houses houses are smaller than 2 NELSON WAY, and 19% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

2 NELSON WAY: Plot and Title Map

2 NELSON WAY sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 2 NELSON 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 2 NELSON 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 2 NELSON WAY?

2 NELSON WAY is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 2 on NELSON WAY.