MINOOCHI, THE COMMON, LYNG, NORWICH, NR9 5RP - £260,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MINOOCHI is a small extended detached house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £301,325. It was last sold for £260,000 in November 2020, which was around 18% below the average November 2020 detached price in the Breckland local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

MINOOCHI Sold Prices

Land registry data shows two sales for MINOOCHI since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two MINOOCHI 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 2 NOV	£260,000	£317,446	18% below HPI
1998 6 MAR	£59,500	£75,178	21% below HPI

MINOOCHI Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two MINOOCHI sales from March 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 March 1998 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might MINOOCHI be worth now?

MINOOCHI might now be worth an estimated £301,325.

This is based on house price inflation of 15.9%, between November 2020 and December 2024, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.9% inflationary increase is applied to the most recent sale price for MINOOCHI of £260,000 on 2nd November 2020. For the value to have increased from £260,000 to £301,325 over the three years and eleven months to December 2024, the following assumptions must hold true:

• The value of MINOOCHI has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of MINOOCHI has not materially changed since November 2020.

How Large is MINOOCHI?

MINOOCHI is 85m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the smallest 40% of detached houses houses in Lyng, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lyng, and where MINOOCHI lies on this distribution: 34% of detached houses houses are smaller than MINOOCHI, and 64% of houses are larger. Note that EPC data is not available for all properties in Lyng.

MINOOCHI: Plot and Title Map

MINOOCHI sits on a plot of roughly 0.197 of an acre, or 797m². The below map shows the location of MINOOCHI, 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 MINOOCHI). 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 MINOOCHI?

MINOOCHI is located on THE COMMON in LYNG, in the NR9 postcode district. The below map shows the position of MINOOCHI on THE COMMON.