7, WELLINGTON CLOSE, MUNDESLEY, NORWICH, NR11 8JF - £290,000

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.

7 WELLINGTON CLOSE is a midsized extended detached house of 105m², built sometime between 1976 and 1982, which could now be worth an estimated £329,328. It was last sold for £290,000 in February 2021, which was around 24% below the average February 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

7 WELLINGTON CLOSE Sold Prices

Land registry data shows two sales for 7 WELLINGTON 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 7 WELLINGTON 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
2021 2 FEB	£290,000	£379,369	24% below HPI
1998 10 DEC	£81,750	£82,893	1% below HPI

7 WELLINGTON 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 WELLINGTON CLOSE sales from December 1998 and February 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 December 1998 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the February 2021 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 7 WELLINGTON CLOSE be worth now?

7 WELLINGTON CLOSE might now be worth an estimated £329,328.

This is based on house price inflation of 13.6%, between February 2021 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 13.6% inflationary increase is applied to the most recent sale price for 7 WELLINGTON CLOSE of £290,000 on 2nd February 2021. For the value to have increased from £290,000 to £329,328 over the four years to February 2025, the following assumptions must hold true:

• The value of 7 WELLINGTON CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WELLINGTON CLOSE has not materially changed since February 2021.

How Large is 7 WELLINGTON CLOSE?

7 WELLINGTON CLOSE is 105m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% 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 7 WELLINGTON CLOSE lies on this distribution: 52% of detached houses houses are smaller than 7 WELLINGTON CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

7 WELLINGTON CLOSE: Plot and Title Map

7 WELLINGTON CLOSE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 7 WELLINGTON 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 WELLINGTON 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 WELLINGTON CLOSE?

7 WELLINGTON CLOSE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 7 on WELLINGTON CLOSE.