7, MERLIN CLOSE, HOVETON, NORWICH, NR12 8DW - £292,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 MERLIN CLOSE is a small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £292,000 in September 2020, which was around 22% below the average September 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

7 MERLIN CLOSE Sold Prices

Land registry data shows two sales for 7 MERLIN 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. One of the two 7 MERLIN CLOSE sales was for below the average price, whilst the other was 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
2020 2 SEP	£292,000	£374,049	22% below HPI
2006 30 AUG	£241,000	£230,390	5% above HPI

7 MERLIN 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 7 MERLIN CLOSE sales from August 2006 and September 2020 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 August 2006 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the September 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 7 MERLIN CLOSE?

7 MERLIN CLOSE is 82m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 30% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where 7 MERLIN CLOSE lies on this distribution: 23% of detached houses are smaller than 7 MERLIN CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

7 MERLIN CLOSE: Plot and Title Map

7 MERLIN CLOSE sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of 7 MERLIN 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 7 MERLIN 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 7 MERLIN CLOSE?

7 MERLIN CLOSE is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 7 on MERLIN CLOSE.