MELBOURNE, MILL LOKE, HORNING, NORWICH, NR12 8LL - £208,000

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

MELBOURNE is a very small detached house of 67m², built sometime between 1996 and 2002. It was last sold for £208,000 in March 2016, which was around 31% below the average March 2016 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

MELBOURNE Sold Prices

Land registry data shows two sales for MELBOURNE 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 MELBOURNE 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
2016 30 MAR	£208,000	£299,942	31% below HPI
2001 26 OCT	£125,000	£128,152	2% below HPI

MELBOURNE 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 MELBOURNE sales from October 2001 and March 2016 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 October 2001 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the March 2016 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is MELBOURNE?

MELBOURNE is 67m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of detached houses in Horning, based on EPC data. The below chart shows the distribution of detached houses by size in Horning, and where MELBOURNE lies on this distribution: 5% of detached houses are smaller than MELBOURNE, and 95% of houses are larger. Note that EPC data is not available for all properties in Horning.

MELBOURNE: Plot and Title Map

MELBOURNE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of MELBOURNE, 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 MELBOURNE). 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 MELBOURNE?

MELBOURNE is located on MILL LOKE in HORNING, in the NR12 postcode district. The below map shows the position of MELBOURNE on MILL LOKE.