2A, GORSE CLOSE, MUNDESLEY, NORWICH, NR11 8JZ - £215,000

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

2A GORSE CLOSE is a very small detached house of 56m², built sometime between 1976 and 1982. It was last sold for £215,000 in June 2018, which was around 37% below the average June 2018 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

2A GORSE CLOSE Sold Prices

Land registry data shows two sales for 2A GORSE 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 North Norfolk local authority area for the corresponding sale date. Both of the two 2A GORSE 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
2018 26 JUN	£215,000	£341,054	37% below HPI
1997 19 NOV	£57,000	£79,424	28% below HPI

2A GORSE 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 two 2A GORSE CLOSE sales from November 1997 and June 2018 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 1997 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 2A GORSE CLOSE?

2A GORSE CLOSE is 56m² according to the EPC inspection conducted in October 2017. 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 2A GORSE CLOSE lies on this distribution: 5% of detached houses are smaller than 2A GORSE CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

2A GORSE CLOSE: Plot and Title Map

2A GORSE CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 2A GORSE 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 2A GORSE 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 2A GORSE CLOSE?

2A GORSE CLOSE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 2A on GORSE CLOSE.