MELWAY, MOOR END LANE, STIBBARD, FAKENHAM, NR21 0EJ - £205,000

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

MELWAY is a very small extended detached house of 99m², built sometime between 1976 and 1982. It was last sold for £205,000 in November 2010, which was around 17% below the average November 2010 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was D.

MELWAY Sold Prices

Land registry data shows two sales for MELWAY 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 MELWAY 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
2010 9 NOV	£205,000	£247,394	17% below HPI
2005 22 MAR	£151,000	£197,437	24% below HPI

MELWAY 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 MELWAY sales from March 2005 and November 2010 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 March 2005 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2010 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is MELWAY?

MELWAY is 99m², which includes one extension, according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of detached houses in Stibbard, based on EPC data. The below chart shows the distribution of detached houses by size in Stibbard, and where MELWAY lies on this distribution: 17% of detached houses are smaller than MELWAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Stibbard.

MELWAY: Plot and Title Map

MELWAY sits on a plot of roughly 0.145 of an acre, or 587m². The below map shows the location of MELWAY, 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 MELWAY). 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 MELWAY?

MELWAY is located on MOOR END LANE in STIBBARD, in the NR21 postcode district. The below map shows the position of MELWAY on MOOR END LANE.