WATERSIDE LODGE, WATER LANE, MUNDESLEY, NORWICH, NR11 8LB - £522,000

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.

WATERSIDE LODGE is a large detached house of 151m², built sometime from 2007 onwards, which could now be worth an estimated £650,329. It was last sold for £522,000 in May 2020, which was around 51% above the average May 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2016, where the current energy rating was B, and the potential energy rating was B.

WATERSIDE LODGE Sold Prices

Land registry data shows two sales for WATERSIDE LODGE 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 WATERSIDE LODGE 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
2020 28 MAY	£522,000	£345,804	51% above HPI
2012 8 OCT	£350,000	£245,883	42% above HPI

WATERSIDE LODGE 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 WATERSIDE LODGE sales from October 2012 and May 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 October 2012 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the May 2020 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might WATERSIDE LODGE be worth now?

WATERSIDE LODGE might now be worth an estimated £650,329.

This is based on house price inflation of 24.6%, between May 2020 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 24.6% inflationary increase is applied to the most recent sale price for WATERSIDE LODGE of £522,000 on 28th May 2020. For the value to have increased from £522,000 to £650,329 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of WATERSIDE LODGE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The May 2020 sale price of £522,000 represented a fair market value for the property.
• The size, condition, and specification of WATERSIDE LODGE has not materially changed since May 2020.

How Large is WATERSIDE LODGE?

WATERSIDE LODGE is 151m² according to the EPC inspection conducted in May 2016. This puts it in the largest 20% of detached houses houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mundesley, and where WATERSIDE LODGE lies on this distribution: 80% of detached houses houses are smaller than WATERSIDE LODGE, and 20% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

WATERSIDE LODGE: Plot and Title Map

WATERSIDE LODGE sits on a plot of roughly 0.317 of an acre, or 1,282m². The below map shows the location of WATERSIDE LODGE, 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 WATERSIDE LODGE). 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 WATERSIDE LODGE?

WATERSIDE LODGE is located on WATER LANE in MUNDESLEY, in the NR11 postcode district. The below map shows the position of WATERSIDE LODGE on WATER LANE.