THE SPINNEY, MUNDESLEY ROAD, KNAPTON, NORTH WALSHAM, NR28 0RY - £725,000

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.

THE SPINNEY is a very large extended detached house of 241m², built sometime between 1930 and 1949, which could now be worth an estimated £822,642. It was last sold for £725,000 in January 2021, which was around 91% above the average January 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was C.

THE SPINNEY Sold Prices

Land registry data shows three sales for THE SPINNEY 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. All of the three THE SPINNEY sales were for above 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
2021 14 JAN	£725,000	£379,682	91% above HPI
2013 23 MAY	£367,000	£246,752	49% above HPI
1997 28 APR	£95,000	£72,653	31% above HPI

THE SPINNEY 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 THE SPINNEY sales between April 1997 and January 2021 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 May 2013 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the January 2021 sale, where it rises to 91% above the HPI. The line then continues to track at 91% above the HPI.

What might THE SPINNEY be worth now?

THE SPINNEY might now be worth an estimated £822,642.

This is based on house price inflation of 13.5%, between January 2021 and February 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 13.5% inflationary increase is applied to the most recent sale price for THE SPINNEY of £725,000 on 14th January 2021. For the value to have increased from £725,000 to £822,642 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of THE SPINNEY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The January 2021 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of THE SPINNEY has not materially changed since January 2021.

How Large is THE SPINNEY?

THE SPINNEY is 241m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 10% of detached houses houses in Knapton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Knapton, and where THE SPINNEY lies on this distribution: 91% of detached houses houses are smaller than THE SPINNEY, and 9% of houses are larger. Note that EPC data is not available for all properties in Knapton.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 0.821 of an acre, or 3,324m². The below map shows the location of THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

THE SPINNEY is located on MUNDESLEY ROAD in KNAPTON, in the NR28 postcode district. The below map shows the position of THE SPINNEY on MUNDESLEY ROAD.