3, WESLEY CLOSE, MUNDESLEY, NORWICH, NR11 8LQ - £515,000

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

3 WESLEY CLOSE is a very large detached house of 173m², built sometime between 1996 and 2002. It was last sold for £515,000 in November 2023, which was around 18% above the average November 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was C.

3 WESLEY CLOSE Sold Prices

Land registry data shows three sales for 3 WESLEY 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. Two of the three 3 WESLEY CLOSE sales were for above the average price, whilst one was 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
2023 6 NOV	£515,000	£437,448	18% above HPI
2017 31 OCT	£380,000	£335,936	13% above HPI
1998 15 JUL	£31,000	£84,538	63% below HPI

3 WESLEY 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 WESLEY CLOSE sales between July 1998 and November 2023 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 2017 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the November 2023 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 3 WESLEY CLOSE?

3 WESLEY CLOSE is 173m² according to the EPC inspection conducted in August 2016. This puts it in the largest 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 3 WESLEY CLOSE lies on this distribution: 90% of detached houses are smaller than 3 WESLEY CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

3 WESLEY CLOSE: Plot and Title Map

3 WESLEY CLOSE sits on a plot of roughly 0.248 of an acre, or 1,003m². The below map shows the location of 3 WESLEY 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 WESLEY 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 WESLEY CLOSE?

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