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

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

34 GORSE CLOSE is a very small detached house of 55m², built sometime between 1991 and 1995. It was last sold for £205,000 in June 2024, which was around 51% 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	£419,510	51% below HPI
2002 20 DEC	£131,250	£160,453	18% below HPI
2001 2 NOV	£94,000	£131,823	29% below HPI
2000 3 NOV	£26,000	£111,388	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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2024 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

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 in Mundesley, based on EPC data. The below chart shows the distribution of detached houses by size in Mundesley, and where 34 GORSE CLOSE lies on this distribution: 4% of detached 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.