4, LANCASTER RISE, MUNDESLEY, NORWICH, NR11 8JE - £230,000

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

4 LANCASTER RISE is a large detached house of 118m², built sometime between 1991 and 1995. It was last sold for £230,000 in May 2015, which was around 15% below the average May 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

4 LANCASTER RISE Sold Prices

Land registry data shows two sales for 4 LANCASTER RISE 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 4 LANCASTER RISE 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
2015 29 MAY	£230,000	£271,039	15% below HPI
2014 7 APR	£205,000	£257,461	20% below HPI

4 LANCASTER RISE 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 4 LANCASTER RISE sales from April 2014 and May 2015 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 April 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2015 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 4 LANCASTER RISE?

4 LANCASTER RISE is 118m² according to the EPC inspection conducted in April 2012. This puts it in the largest 40% of detached houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses by size in Mundesley, and where 4 LANCASTER RISE lies on this distribution: 63% of detached houses are smaller than 4 LANCASTER RISE, and 36% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

4 LANCASTER RISE: Plot and Title Map

4 LANCASTER RISE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 4 LANCASTER RISE, 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 4 LANCASTER RISE). 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 4 LANCASTER RISE?

4 LANCASTER RISE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 4 on LANCASTER RISE.