8, MERLIN CLOSE, HOVETON, NORWICH, NR12 8DW - £442,500

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

8 MERLIN CLOSE is a small detached house of 90m², built sometime between 1967 and 1975. It was last sold for £442,500 in September 2023, which was around 2% above the average September 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

8 MERLIN CLOSE Sold Prices

Land registry data shows two sales for 8 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 8 MERLIN CLOSE sales was for above the average price, whilst the other was 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
2023 14 SEP	£442,500	£435,012	2% above HPI
2020 18 AUG	£303,500	£353,478	14% below HPI

8 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 8 MERLIN CLOSE sales from August 2020 and September 2023 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 2020 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2023 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 8 MERLIN CLOSE?

8 MERLIN CLOSE is 90m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 40% of detached houses in Hoveton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveton, and where 8 MERLIN CLOSE lies on this distribution: 33% of detached houses are smaller than 8 MERLIN CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Hoveton.

8 MERLIN CLOSE: Plot and Title Map

8 MERLIN CLOSE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 8 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 8 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 8 MERLIN CLOSE?

8 MERLIN CLOSE is located in HOVETON, in the NR12 postcode district. The below map shows the position of No. 8 on MERLIN CLOSE.