34, GORSE CLOSE, MUNDESLEY, NORWICH, NR11 8JZ - £205,000

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.

34 GORSE CLOSE is a very small detached house of 55m², built sometime between 1991 and 1995, which could now be worth an estimated £213,373. It was last sold for £205,000 in June 2024, which was around 50% below the average June 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

34 GORSE CLOSE Sold Prices

Land registry data shows four sales for 34 GORSE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four 34 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
2024 7 JUN	£205,000	£413,912	50% below HPI
2002 20 DEC	£131,250	£162,006	19% below HPI
2001 2 NOV	£94,000	£133,099	29% below HPI
2000 3 NOV	£26,000	£112,466	77% below HPI

34 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 four 34 GORSE CLOSE sales between November 2000 and June 2024 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 December 2002 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2024 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 34 GORSE CLOSE be worth now?

34 GORSE CLOSE might now be worth an estimated £213,373.

This is based on house price inflation of 4.1%, between June 2024 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 4.1% inflationary increase is applied to the most recent sale price for 34 GORSE CLOSE of £205,000 on 7th June 2024. For the value to have increased from £205,000 to £213,373 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 34 GORSE CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The June 2024 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 34 GORSE CLOSE has not materially changed since June 2024.

How Large is 34 GORSE CLOSE?

34 GORSE CLOSE is 55m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 10% 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 34 GORSE CLOSE lies on this distribution: 4% of detached houses houses are smaller than 34 GORSE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

34 GORSE CLOSE: Plot and Title Map

34 GORSE CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 34 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 34 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 34 GORSE CLOSE?

34 GORSE CLOSE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 34 on GORSE CLOSE.