MAYFIELD, COAST ROAD, BACTON, NORWICH, NR12 0EU - £285,500

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.

MAYFIELD is a midsized detached house of 95m², built sometime before 1900, which could now be worth an estimated £316,099. It was last sold for £285,500 in November 2020, which was around 27% below the average November 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

MAYFIELD Sold Prices

Land registry data shows three sales for MAYFIELD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three MAYFIELD 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
2020 10 NOV	£285,500	£389,113	27% below HPI
2003 1 DEC	£190,000	£193,984	2% below HPI
1998 15 MAY	£66,000	£84,862	22% below HPI

MAYFIELD 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 three MAYFIELD sales between May 1998 and November 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 December 2003 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might MAYFIELD be worth now?

MAYFIELD might now be worth an estimated £316,099.

This is based on house price inflation of 10.7%, between November 2020 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 10.7% inflationary increase is applied to the most recent sale price for MAYFIELD of £285,500 on 10th November 2020. For the value to have increased from £285,500 to £316,099 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of MAYFIELD has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2020 sale price of £285,500 represented a fair market value for the property.
• The size, condition, and specification of MAYFIELD has not materially changed since November 2020.

How Large is MAYFIELD?

MAYFIELD is 95m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 40% of detached houses houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacton, and where MAYFIELD lies on this distribution: 40% of detached houses houses are smaller than MAYFIELD, and 60% of houses are larger. Note that EPC data is not available for all properties in Bacton.

MAYFIELD: Plot and Title Map

MAYFIELD sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of MAYFIELD, 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 MAYFIELD). 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 MAYFIELD?

MAYFIELD is located on COAST ROAD in BACTON, in the NR12 postcode district. The below map shows the position of MAYFIELD on COAST ROAD.