4, MILL VIEW CLOSE, MUNDESLEY, NORWICH, NR11 8LZ - £545,000

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 MILL VIEW CLOSE is a very large detached house of 200m², built sometime between 1996 and 2002. It was last sold for £545,000 in March 2021, which was around 47% above the average March 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

4 MILL VIEW CLOSE Sold Prices

Land registry data shows two sales for 4 MILL VIEW CLOSE 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 MILL VIEW CLOSE sales were for above 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
2021 5 MAR	£545,000	£370,260	47% above HPI
2004 19 JUL	£280,000	£209,312	34% above HPI

4 MILL VIEW 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 two 4 MILL VIEW CLOSE sales from July 2004 and March 2021 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 July 2004 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the March 2021 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 4 MILL VIEW CLOSE?

4 MILL VIEW CLOSE is 200m² according to the EPC inspection conducted in August 2020. 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 4 MILL VIEW CLOSE lies on this distribution: 95% of detached houses are smaller than 4 MILL VIEW CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

4 MILL VIEW CLOSE: Plot and Title Map

4 MILL VIEW CLOSE sits on a plot of roughly 0.221 of an acre, or 893m². The below map shows the location of 4 MILL VIEW 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 4 MILL VIEW 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 4 MILL VIEW CLOSE?

4 MILL VIEW CLOSE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 4 on MILL VIEW CLOSE.