3, ORCHARD CLOSE, MUNDESLEY, NORWICH, NR11 8AZ - £279,000

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.

3 ORCHARD CLOSE is a very small detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £318,262. It was last sold for £279,000 in September 2020, which was around 26% below the average September 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

3 ORCHARD CLOSE Sold Prices

Land registry data shows three sales for 3 ORCHARD CLOSE 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. The three 3 ORCHARD CLOSE sales were a mix of below the average price, and roughly equal to 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
2020 25 SEP	£279,000	£377,670	26% below HPI
2003 28 JAN	£170,000	£170,277	Close to HPI
2001 29 JUN	£98,000	£123,792	21% below HPI

3 ORCHARD 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 three 3 ORCHARD CLOSE sales between June 2001 and September 2020 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 January 2003 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 3 ORCHARD CLOSE be worth now?

3 ORCHARD CLOSE might now be worth an estimated £318,262.

This is based on house price inflation of 14.1%, between September 2020 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 14.1% inflationary increase is applied to the most recent sale price for 3 ORCHARD CLOSE of £279,000 on 25th September 2020. For the value to have increased from £279,000 to £318,262 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 ORCHARD CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The September 2020 sale price of £279,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ORCHARD CLOSE has not materially changed since September 2020.

How Large is 3 ORCHARD CLOSE?

3 ORCHARD CLOSE is 74m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 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 3 ORCHARD CLOSE lies on this distribution: 14% of detached houses houses are smaller than 3 ORCHARD CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

3 ORCHARD CLOSE: Plot and Title Map

3 ORCHARD CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 3 ORCHARD 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 3 ORCHARD 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 3 ORCHARD CLOSE?

3 ORCHARD CLOSE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 3 on ORCHARD CLOSE.