MELROSE, MORLEY ROAD NORTH, SHERINGHAM, NR26 8JB - £340,000

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.

MELROSE is a small detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £429,017. It was last sold for £340,000 in September 2017, which was around 2% above the average September 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

MELROSE Sold Prices

Land registry data shows two sales for MELROSE 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 MELROSE 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
2017 11 SEP	£340,000	£334,341	2% above HPI
2006 13 JUN	£205,000	£229,516	11% below HPI

MELROSE 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 MELROSE sales from June 2006 and September 2017 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 June 2006 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2017 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might MELROSE be worth now?

MELROSE might now be worth an estimated £429,017.

This is based on house price inflation of 26.2%, between September 2017 and June 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 26.2% inflationary increase is applied to the most recent sale price for MELROSE of £340,000 on 11th September 2017. For the value to have increased from £340,000 to £429,017 over the eight years and three months to June 2025, the following assumptions must hold true:

• The value of MELROSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The September 2017 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of MELROSE has not materially changed since September 2017.

How Large is MELROSE?

MELROSE is 88m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 30% of detached houses houses in Sheringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sheringham, and where MELROSE lies on this distribution: 21% of detached houses houses are smaller than MELROSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Sheringham.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of MELROSE, 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 MELROSE). 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 MELROSE?

MELROSE is located on MORLEY ROAD NORTH in SHERINGHAM, in the NR26 postcode district. The below map shows the position of MELROSE on MORLEY ROAD NORTH.