PENINA HOUSE, HEATH LANE, MUNDESLEY, NORWICH, NR11 8JP - £520,000

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

PENINA HOUSE is a very large extended detached house of 290m², built sometime between 1983 and 1990. It was last sold for £520,000 in August 2018, which was around 46% above the average August 2018 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was C.

PENINA HOUSE Sold Prices

Land registry data shows three sales for PENINA HOUSE 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. Two of the three PENINA HOUSE sales were for above the average price, whilst one 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
2018 31 AUG	£520,000	£355,919	46% above HPI
2007 5 APR	£220,000	£233,858	6% below HPI
2002 14 AUG	£275,000	£157,156	75% above HPI

PENINA HOUSE 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 PENINA HOUSE sales between August 2002 and August 2018 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 April 2007 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2018 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is PENINA HOUSE?

PENINA HOUSE is 290m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 10% of detached houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses by size in Mundesley, and where PENINA HOUSE lies on this distribution: 99% of detached houses are smaller than PENINA HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

PENINA HOUSE: Plot and Title Map

PENINA HOUSE sits on a plot of roughly 0.492 of an acre, or 1,992m². The below map shows the location of PENINA HOUSE, 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 PENINA HOUSE). 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 PENINA HOUSE?

PENINA HOUSE is located on HEATH LANE in MUNDESLEY, in the NR11 postcode district. The below map shows the position of PENINA HOUSE on HEATH LANE.